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.
Extraordinary Items
Additional expenses that are...
Business Activity
The business (or loss) activity of...
Applicant Entity
The business entity requesting...
Adjusted Net Worth
Post disaster fair market value of tangible...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Physical Loans
Funds to repair/replace dis...
Principal
the owner(s) of the Applicant Entity that...
Intermediary Organization
Organizations that play a funda...
Fair and Reasonable Price
A price that is fair to both parties...
Projection
An estimate of future economic or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Protégé
A firm in a developmental stage that...
Income Statement
Shows the entity’s income and...
Full and Open Competition
With respect to a contract action...
Assets
The amount of current assets that is left...

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