Glossary
SBA Terms

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
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
NAICS
NAICS codes are common...
Affiliated Group
When two or more...
Contract
A mutually binding legal rel..
Mentor
A business, usually large, or...
Contractor Team Arrangement
An arrangement in which...
Applicant Individual
aka who is requesting an SBA loan...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Limited Partnership
A business organization with one or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Adjusted Net Worth
Post disaster fair market value of tangible...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Break-even Analysis
A calculation of the approximate sales...
Acquisition
The acquiring of supplies or...
Best and Final Offer
For negotiated procurements...

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