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.
Contracting
Purchasing, renting, leasing, or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contracting Officer
A person with the authority to...
Depreciation
A non-cash operating expense that...
Liabilities
A financial obligation...
Operating Leases
are deducted on the company’s...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Trend Analysis
A comparative analysis of...
Current Assets
A balance sheet item which equals...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Working Capital (WC)
The amount of current assets that...

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