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.
Phase 2
Process to be used to determine economic injury for...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Best and Final Offer
For negotiated procurements...
Cash-basis Accounting
records revenue when cash is...
Contract
A mutually binding legal rel..
Amortization
A non-cash operating expense that...
Days Payable
A measure of the average time a...
Certificate of Competency
A certificate issued by the Small Bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Guarantor
The legal entity and...
Current Liabilities
A balance sheet item, which...
Intermediary Organization
Organizations that play a funda...
Acquisition
The acquiring of supplies or...
Defense Contractor
Any person who enters into...
Affiliate
Business concerns are affiliates if one concern...

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