 |
 |
|
|
 |
 |
|
|
Your Location: Home - Business Loan Business Loan CenterUse: small business loan, business loan, government small business loan, startup business loan, unsecured business loan, business loan broker, business loan application online, business debt consolidation loanBusiness Loan Center recommend the industrial leading financial organizations that have been specifically designed for small businesses with debt capital requirements up to $3,000,000. We understand the needs of small business owners and are committed to making the financing process as simple as possible. If you are looking for help in financing your business or trying to find out information about the ways on rental property or owner occupied real estate financing, just fill out the simple inquiry forms. Business Loan Terminology
MASTER LEASE - a type of lease in which the parties detail the terms and conditions under which leased asset will be used, but do not address the periodic payment requirements. These requirements are addressed in a separate document which becomes an addendum to the lease. A Master Lease may have several addenda each one dealing with a separate asset acquisition. OPEN-END LEASE - a type of lease which contains most of the characteristics of a conditional sales contract and which contains a guarantee from the lessee that the lessor will realize a minimum amount from the sale of the leased asset at the end of the lease term. OPERATING LEASE - a type of lease which is not a CAPITAL LEASE. This lease, from a financial reporting perspective, has the characteristics of a true rental agreement and meets certain criteria established by the FASB (Financial Accounting Standards Board). OPERATING LEASES are not required to be reflected on the financial statements of the lessee. The criteria for qualifying as an OPERATING LEASE are: Title to the leased assets may not automatically transfer to the lessee at any time during the lease term or subsequent to the lease term. There is no provision for a bargain purchase option. The lease is noncancellable for it's term and that term is less than 75% of the economic life of the leased asset. The present value of the total or minimum required lease
payments when discounted at the implicit interest rate in the lease is
less than 90% of the leased asset's fair market value at inception.
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||
