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.
Partnering
A mutually beneficial business-to-bus...
Emerging Small Business
A small business concern whose...
Full and Open Competition
With respect to a contract action...
Current Liabilities
A balance sheet item, which...
Credit Elsewhere Test (CET)
The test to determine the...
Assets
The amount of current assets that is left...
Comparative Analysis
Is designed to point out significant trends that...
Applicant Individual
aka who is requesting an SBA loan...
Hardship Waiver
Method used to approve a...
Duplicated Interest
The amount of interest exp...
Prime Contract
A contract awarded directly...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Lien
A legal claim against an...

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