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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant Entity
The business entity requesting...
Amortization
A non-cash operating expense that...
Prime Contract
A contract awarded directly...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Capital Leases
are for the purchase of fixed assets such as...
Phase 2
Process to be used to determine economic injury for...
Sole Proprietor
an individual who...
Subsidiary
A company for which a majority of the...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Joint Venture
In the SBA Mentor-Protégé Program...
S-Corporation
A form of corporation, allowed by...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Applicant/Co-Applicant
Business entity and person requesting...

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