Operating Leases

are deducted on the company’s operating expenses. If the lease is an operating lease, then the amount is already accounted for in total expenses and should not be shown as a scheduled debt.

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...
Normal Annual Sales
Those sales that would have...
Small Business
A business smaller than...
Request for Proposal (RFP)
A document outlining a...
Assets
The amount of current assets that is left...
GPM%
The measure of every sales dollar left...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Guarantor
The legal entity and...
Duplicated Interest
The amount of interest exp...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Contracting
Purchasing, renting, leasing, or...
Contract
A mutually binding legal rel..
Prime Contract
A contract awarded directly...
Certificate of Competency
A certificate issued by the Small Bus...
Principal
the owner(s) of the Applicant Entity that...

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