Assets

Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, a house, a car, and other property.

Updated on
September 8, 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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Limited Partnership
A business organization with one or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Emerging Small Business
A small business concern whose...
Projection
An estimate of future economic or...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Equity
An accounting term used to...
Intermediary Organization
Organizations that play a funda...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Adjusted Net Worth
Post disaster fair market value of tangible...
Normal Gross Margin
The margin that would have been...
Phase 1
Process used to determine the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Liabilities
A financial obligation...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.