Glossary
SBA Terms

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
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Depreciation
A non-cash operating expense that...
Liabilities
A financial obligation...
Break-even Analysis
A calculation of the approximate sales...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Normal Gross Margin
The margin that would have been...
Collateral
Assets pledged by a borrower to secure a loan...
NAICS
NAICS codes are common...
Partnering
A mutually beneficial business-to-bus...
Certified 8(a) Firm
A firm owned and operated by socially and...
Intermediary Organization
Organizations that play a funda...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Companion File
When an applicant has another application filed...
Operating Leases
are deducted on the company’s...

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