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.
Intermediary Organization
Organizations that play a funda...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Certificate of Competency
A certificate issued by the Small Bus...
Projection
An estimate of future economic or...
Partnership
A type of unincorporated business org...
Break-even Analysis
A calculation of the approximate sales...
Partnering
A mutually beneficial business-to-bus...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Acquisition
The acquiring of supplies or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Contracting Officer
A person with the authority to...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Joint Venture
In the SBA Mentor-Protégé Program...
Credit Elsewhere Test (CET)
The test to determine the...

Get the quick rundown on SBA Loans

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