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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Lien
A legal claim against an...
Depreciation
A non-cash operating expense that...
Days Payable
A measure of the average time a...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Credit Score Test
Part of the home loan CET show a...
NAICS
NAICS codes are common...
S-Corporation
A form of corporation, allowed by...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Days Receivable
A measure of the average time a...
Certified 8(a) Firm
A firm owned and operated by socially and...
B/E (Business EIDL) Loan
A business loan that...
Normal Gross Margin
The margin that would have been...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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