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.
Extraordinary Items
Additional expenses that are...
Assets
The amount of current assets that is left...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Partnership
A type of unincorporated business org...
Intermediary Organization
Organizations that play a funda...
Projection
An estimate of future economic or...
Injury Analysis
Measures the effects of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contract
A mutually binding legal rel..
Normal Gross Margin
The margin that would have been...
Trend Analysis
A comparative analysis of...
Guarantor
The legal entity and...
Physical Loans
Funds to repair/replace dis...

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