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.
Days Payable
A measure of the average time a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Business Activity
The business (or loss) activity of...
Prime Contract
A contract awarded directly...
Subcontract
A contract between a prime cont...
Income Statement
Shows the entity’s income and...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant Entity
The business entity requesting...
Guarantor
The legal entity and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Request for Proposal (RFP)
A document outlining a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Operating Leases
are deducted on the company’s...
Phase 1
Process used to determine the...

Get the quick rundown on SBA Loans

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