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.
Income Statement
Shows the entity’s income and...
S-Corporation
A form of corporation, allowed by...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Affiliate
Business concerns are affiliates if one concern...
Partnering
A mutually beneficial business-to-bus...
Substantial Damage
This means uninsured or otherwise uncompensated...
Credit Elsewhere Test (CET)
The test to determine the...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Small Business
A business smaller than...
Adjusted Net Worth
Post disaster fair market value of tangible...
Duplicated Interest
The amount of interest exp...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Lien
A legal claim against an...
Sole Proprietor
an individual who...

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