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.
SCORE
Counselors to America's Small Bus...
Injury Period
The time period during...
Certificate of Competency
A certificate issued by the Small Bus...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Capital Leases
are for the purchase of fixed assets such as...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Business Activity
The business (or loss) activity of...
Intermediary Organization
Organizations that play a funda...
Defense Contractor
Any person who enters into...
Contract
A mutually binding legal rel..
Corporation (C-corp.)
The most common form of business org...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Lien
A legal claim against an...
Prime Contract
A contract awarded directly...
Duplicated Interest
The amount of interest exp...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.