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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Hardship Waiver
Method used to approve a...
Cash Flow Test
Part of the CET that determines if...
Lien
A legal claim against an...
Trend Analysis
A comparative analysis of...
Limited Partnership
A business organization with one or...
Small Business
A business smaller than...
Negotiation
Contracting through the use of...
Request for Proposal (RFP)
A document outlining a...
Principal
the owner(s) of the Applicant Entity that...
Best and Final Offer
For negotiated procurements...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Business Activity
The business (or loss) activity of...
Sole Proprietor
an individual who...
Adjusted Net Worth
Post disaster fair market value of tangible...

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