Glossary
SBA Terms

Capital Leases

are for the purchase of fixed assets (machinery/equipment) and these assets are shown on the company’s balance sheet and represent a fixed debt. If the lease is a capital lease, the debt should be shown as a Note Payable.

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.
Working Capital (WC)
The amount of current assets that...
Applicant Individual
aka who is requesting an SBA loan...
Small Disadvantaged Business Concern
A small business concern that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Business Activity
The business (or loss) activity of...
Amortization
A non-cash operating expense that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Liabilities
A financial obligation...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Acquisition
The acquiring of supplies or...
B/E (Business EIDL) Loan
A business loan that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Best and Final Offer
For negotiated procurements...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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