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.
Negotiation
Contracting through the use of...
Corporation (C-corp.)
The most common form of business org...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Phase 1
Process used to determine the...
Equity
An accounting term used to...
Phase 2
Process to be used to determine economic injury for...
Applicant Entity
The business entity requesting...
Days Payable
A measure of the average time a...
Small Disadvantaged Business Concern
A small business concern that...
Best and Final Offer
For negotiated procurements...
Standard Industrial Classification (SIC) Code
A code representing a category within...
SCORE
Counselors to America's Small Bus...
Certified 8(a) Firm
A firm owned and operated by socially and...
Physical Loans
Funds to repair/replace dis...

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