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.
Small Disadvantaged Business Concern
A small business concern that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Contractor Team Arrangement
An arrangement in which...
Hardship Waiver
Method used to approve a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Limited Partnership
A business organization with one or...
Acquisition
The acquiring of supplies or...
Principal
the owner(s) of the Applicant Entity that...
Credit Elsewhere Test (CET)
The test to determine the...
Depreciation
A non-cash operating expense that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Best and Final Offer
For negotiated procurements...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.