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.
Phase 1
Process used to determine the...
S-Corporation
A form of corporation, allowed by...
Applicant Entity
The business entity requesting...
Duplicated Interest
The amount of interest exp...
Sole Proprietor
an individual who...
Primary Activity
The major business activity of...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Request for Proposal (RFP)
A document outlining a...
Contracting
Purchasing, renting, leasing, or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Defense Contractor
Any person who enters into...
Normal Gross Margin
The margin that would have been...
Phase 2
Process to be used to determine economic injury for...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.