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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Companion File
When an applicant has another application filed...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Principal
the owner(s) of the Applicant Entity that...
Contract
A mutually binding legal rel..
Fair and Reasonable Price
A price that is fair to both parties...
Partnering
A mutually beneficial business-to-bus...
Applicant Individual
aka who is requesting an SBA loan...
Depreciation
A non-cash operating expense that...
Contractor Team Arrangement
An arrangement in which...
Affiliates
Business concerns, organizations, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Emerging Small Business
A small business concern whose...
Income Statement
Shows the entity’s income and...
Certificate of Competency
A certificate issued by the Small Bus...

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