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.
Subsidiary
A company for which a majority of the...
Lien
A legal claim against an...
Duplicated Interest
The amount of interest exp...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Affiliate
Business concerns are affiliates if one concern...
Affiliated Group
When two or more...
Current Liabilities
A balance sheet item, which...
Full and Open Competition
With respect to a contract action...
Days Receivable
A measure of the average time a...
NAICS
NAICS codes are common...
SCORE
Counselors to America's Small Bus...
Small Disadvantaged Business Concern
A small business concern that...
Applicant Individual
aka who is requesting an SBA loan...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Request for Proposal (RFP)
A document outlining a...

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