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.
Negotiation
Contracting through the use of...
S-Corporation
A form of corporation, allowed by...
Normal Annual Sales
Those sales that would have...
Companion File
When an applicant has another application filed...
Extraordinary Items
Additional expenses that are...
Fair and Reasonable Price
A price that is fair to both parties...
Physical Loans
Funds to repair/replace dis...
Break-even Analysis
A calculation of the approximate sales...
Contracting Officer
A person with the authority to...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Partnership
A type of unincorporated business org...
Affiliates
Business concerns, organizations, or...
Sole Proprietor
an individual who...
Corporation (C-corp.)
The most common form of business org...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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