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.
Standard Industrial Classification (SIC) Code
A code representing a category within...
Best and Final Offer
For negotiated procurements...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Disadvantaged Business Concern
A small business concern that...
Negotiation
Contracting through the use of...
Applicant Entity
The business entity requesting...
Acquisition
The acquiring of supplies or...
Small Business
A business smaller than...
Limited Partnership
A business organization with one or...
Amortization
A non-cash operating expense that...
Request for Proposal (RFP)
A document outlining a...
Partnership
A type of unincorporated business org...
Protégé
A firm in a developmental stage that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Fair and Reasonable Price
A price that is fair to both parties...

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