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.
Emerging Small Business
A small business concern whose...
Negotiation
Contracting through the use of...
Full and Open Competition
With respect to a contract action...
Duplicated Interest
The amount of interest exp...
Liabilities
A financial obligation...
Substantial Damage
This means uninsured or otherwise uncompensated...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Applicant Entity
The business entity requesting...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Defense Contractor
Any person who enters into...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Depreciation
A non-cash operating expense that...
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