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.
Prime Contract
A contract awarded directly...
Certificate of Competency
A certificate issued by the Small Bus...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Emerging Small Business
A small business concern whose...
Full and Open Competition
With respect to a contract action...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Phase 2
Process to be used to determine economic injury for...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Guarantor
The legal entity and...
Small Disadvantaged Business Concern
A small business concern that...
Capital Leases
are for the purchase of fixed assets such as...
Negotiation
Contracting through the use of...

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