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...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Injury Period
The time period during...
Duplicated Interest
The amount of interest exp...
Phase 2
Process to be used to determine economic injury for...
SCORE
Counselors to America's Small Bus...
Contracting Officer
A person with the authority to...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Amortization
A non-cash operating expense that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Joint Venture
In the SBA Mentor-Protégé Program...
Phase 1
Process used to determine the...
Adjusted Net Worth
Post disaster fair market value of tangible...
Primary Activity
The major business activity of...
Projection
An estimate of future economic or...

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