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.
Days Payable
A measure of the average time a...
Best and Final Offer
For negotiated procurements...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Full and Open Competition
With respect to a contract action...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Days Receivable
A measure of the average time a...
Break-even Analysis
A calculation of the approximate sales...
Joint Venture
In the SBA Mentor-Protégé Program...
Adjusted Net Worth
Post disaster fair market value of tangible...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
S-Corporation
A form of corporation, allowed by...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contract
A mutually binding legal rel..
SCORE
Counselors to America's Small Bus...
Working Capital (WC)
The amount of current assets that...

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