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.
Credit Elsewhere Test (CET)
The test to determine the...
Break-even Analysis
A calculation of the approximate sales...
Phase 2
Process to be used to determine economic injury for...
Applicant Individual
aka who is requesting an SBA loan...
B/E (Business EIDL) Loan
A business loan that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Comparative Analysis
Is designed to point out significant trends that...
Projection
An estimate of future economic or...
Contract
A mutually binding legal rel..
Principal
the owner(s) of the Applicant Entity that...
Depreciation
A non-cash operating expense that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Subsidiary
A company for which a majority of the...
S-Corporation
A form of corporation, allowed by...
Small Business
A business smaller than...

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