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.
Equity
An accounting term used to...
Trend Analysis
A comparative analysis of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Hardship Waiver
Method used to approve a...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Partnering
A mutually beneficial business-to-bus...
Adjusted Net Worth
Post disaster fair market value of tangible...
Request for Proposal (RFP)
A document outlining a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant Entity
The business entity requesting...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Days Payable
A measure of the average time a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Emerging Small Business
A small business concern whose...

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