Capital Leases

are for the purchase of fixed assets (machinery/equipment) and these assets are shown on the company’s balance sheet and represent a fixed debt. If the lease is a capital lease, the debt should be shown as a Note Payable.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Sole Proprietor
an individual who...
Guarantor
The legal entity and...
S-Corporation
A form of corporation, allowed by...
Hardship Waiver
Method used to approve a...
Affiliates
Business concerns, organizations, or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Lien
A legal claim against an...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Analysis
Measures the effects of...
Phase 2
Process to be used to determine economic injury for...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Projection
An estimate of future economic or...
Defense Contractor
Any person who enters into...
NAICS
NAICS codes are common...
Contracting Officer
A person with the authority to...

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