answersLogoWhite

0

Can The Subject Assets Be Owned Personally And Leased To The Business?

Updated: 8/21/2019
User Avatar

MaryLinda02

Lvl 1
7y ago

Best Answer

Yes. Additionally, the possession within the real estate does not have to be similar to the possession of the business; however a guarantee by way of the business and the property owners will be needed. In addition, the borrower does not have to have any ownership in the business; however the business and any 20% owner of the business have to be a guarantor on the SBA loan.

User Avatar

Wiki User

7y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can The Subject Assets Be Owned Personally And Leased To The Business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Anything of value owned or leased by a business is considered a?

assets, yes that's right by wilson


What is broadcasting in Leased line?

get the best internet leased line connection: telecomssupermarket.in/services/business/leased-line


What is the speed if a leased line?

get the best internet leased line connection: telecomssupermarket.in/services/business/leased-line


Is the pldt a leased line or not?

get the best internet leased line connection: telecomssupermarket.in/services/business/leased-line


Can a bankruptcy trustee sell assets not owned but being used or leased at the time of filing?

No.


What costs can you include in a new fixed asset?

Fixed assets are also tangible assets with the following characteristics: (1) for the production of goods, provide services, for rental or administrative purposes; (2) to a term of over one year; (3) high unit price. Classified by economic use of fixed assets, fixed assets can be divided into production and business class business class of all fixed assets of .1 non-production, production and operation class of fixed assets, is the direct service of production, business process various types of fixed assets. Such as the production and management with houses, buildings, machinery, equipment, utensils, tools. 2, non-production business with the fixed assets is not directly serving production and business processes of various fixed assets. Such as dormitories, dining hall, bathrooms, hairdressing room and so the use of housing, equipment and other fixed assets, etc.. Hug the use classification of fixed assets can be divided into fixed assets in use, no use of fixed assets and fixed assets not required. Classification of the ownership of fixed assets can be divided into fixed assets owned fixed assets and rental income. Leased fixed assets are divided into operating lease of fixed assets and fixed assets financed by leasing. The economic use of fixed assets and use of comprehensive classification: 1, production and operation of fixed assets. 2, with fixed assets of non-production operations. 3, leased fixed assets. Means the lease under operating lease of fixed assets to other units. 4, No need for fixed assets. 5, no use of fixed assets. 6, the land. That in the past has accounted for the land alone. Paid for land acquisition compensation fee, should be included in land-related housing, the value of the building, 7, fixed assets financed by leasing. Details of fixed assets subject to classification according to the set, also can directly write the name of the specific device. The use of accounting software have now fixed detailed title. Subjects use a lot, as long as the related fixed assets accounting are required.


What does Where you subject to FMCSR's while employed or leased mean?

i dont no


What is lease land?

Land that is subject to a lease or land that can be leased


What does Lease and Rent mean in relation to assets other than property?

Lease indicates that there is an asset available I.e. an item is able to be leased and rent is in relation to the person whom wants to rent the assets.


What happens when you sublease a car and the company that you leased from goes into liquidation?

You will have to make the payments to the company that purchases their assets, it doesn't mean you get a free car.


How leased line help in business?

bcoz in transmission through other medim is difficult.


What are the fastest business copiers available?

Lanier currently sells the fastest business class copiers. These can be purchased or leased from Lanier dealers.