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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Mentor
A business, usually large, or...
Acquisition
The acquiring of supplies or...
Duplicated Interest
The amount of interest exp...
Certificate of Competency
A certificate issued by the Small Bus...
Working Capital (WC)
The amount of current assets that...
Negotiation
Contracting through the use of...
Full and Open Competition
With respect to a contract action...
Amortization
A non-cash operating expense that...
Protégé
A firm in a developmental stage that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Partnering
A mutually beneficial business-to-bus...
Liabilities
A financial obligation...
Subcontract
A contract between a prime cont...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
S-Corporation
A form of corporation, allowed by...

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