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.
Cash Flow Test
Part of the CET that determines if...
Negotiation
Contracting through the use of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Principal
the owner(s) of the Applicant Entity that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Small Business
A business smaller than...
Limited Partnership
A business organization with one or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Adjusted Net Worth
Post disaster fair market value of tangible...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Applicant/Co-Applicant
Business entity and person requesting...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Credit Score Test
Part of the home loan CET show a...
Comparative Analysis
Is designed to point out significant trends that...
Partnering
A mutually beneficial business-to-bus...

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