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.
Affiliated Group
When two or more...
Acquisition
The acquiring of supplies or...
Primary Activity
The major business activity of...
Credit Score Test
Part of the home loan CET show a...
Normal Annual Sales
Those sales that would have...
Joint Venture
In the SBA Mentor-Protégé Program...
Business Activity
The business (or loss) activity of...
S-Corporation
A form of corporation, allowed by...
Defense Contractor
Any person who enters into...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Emerging Small Business
A small business concern whose...
Applicant Entity
The business entity requesting...
Certificate of Competency
A certificate issued by the Small Bus...
Normal Gross Margin
The margin that would have been...
Contract
A mutually binding legal rel..

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