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.
Depreciation
A non-cash operating expense that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
SCORE
Counselors to America's Small Bus...
Protégé
A firm in a developmental stage that...
Contracting
Purchasing, renting, leasing, or...
Fair and Reasonable Price
A price that is fair to both parties...
Subsidiary
A company for which a majority of the...
Full and Open Competition
With respect to a contract action...
Principal
the owner(s) of the Applicant Entity that...
Business Activity
The business (or loss) activity of...
Contract
A mutually binding legal rel..
Lien
A legal claim against an...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant Entity
The business entity requesting...
Affiliated Group
When two or more...

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