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.
Projection
An estimate of future economic or...
Operating Leases
are deducted on the company’s...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant Individual
aka who is requesting an SBA loan...
Limited Partnership
A business organization with one or...
Subcontract
A contract between a prime cont...
Capital Leases
are for the purchase of fixed assets such as...
Phase 1
Process used to determine the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Duplicated Interest
The amount of interest exp...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Corporation (C-corp.)
The most common form of business org...
B/E (Business EIDL) Loan
A business loan that...
Physical Loans
Funds to repair/replace dis...

Get the quick rundown on SBA Loans

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