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.
Standard Industrial Classification (SIC) Code
A code representing a category within...
Physical Loans
Funds to repair/replace dis...
Emerging Small Business
A small business concern whose...
Affiliated Group
When two or more...
Electronic Data Interchange
Transmission of information bet...
Duplicated Interest
The amount of interest exp...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Certified 8(a) Firm
A firm owned and operated by socially and...
Companion File
When an applicant has another application filed...
Negotiation
Contracting through the use of...
Assets
The amount of current assets that is left...
Sole Proprietor
an individual who...
Contracting Officer
A person with the authority to...
Contractor Team Arrangement
An arrangement in which...
Partnership
A type of unincorporated business org...

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