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.
Limited Partnership
A business organization with one or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Partnership
A type of unincorporated business org...
Contracting
Purchasing, renting, leasing, or...
Applicant Entity
The business entity requesting...
Defense Contractor
Any person who enters into...
Electronic Data Interchange
Transmission of information bet...
Applicant Individual
aka who is requesting an SBA loan...
Injury Analysis
Measures the effects of...
Applicant/Co-Applicant
Business entity and person requesting...
Amortization
A non-cash operating expense that...
Injury Period
The time period during...
Trend Analysis
A comparative analysis of...
Contracting Officer
A person with the authority to...
Phase 1
Process used to determine the...

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