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.
Defense Contractor
Any person who enters into...
Full and Open Competition
With respect to a contract action...
Cash Flow Test
Part of the CET that determines if...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certified 8(a) Firm
A firm owned and operated by socially and...
Primary Activity
The major business activity of...
Days Payable
A measure of the average time a...
Equity
An accounting term used to...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Request for Proposal (RFP)
A document outlining a...
Trend Analysis
A comparative analysis of...
B/E (Business EIDL) Loan
A business loan that...
Operating Leases
are deducted on the company’s...
Negotiation
Contracting through the use of...
Current Liabilities
A balance sheet item, which...

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