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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Cash-basis Accounting
records revenue when cash is...
Duplicated Interest
The amount of interest exp...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Trend Analysis
A comparative analysis of...
Contracting Officer
A person with the authority to...
Primary Activity
The major business activity of...
Affiliated Group
When two or more...
NAICS
NAICS codes are common...
Joint Venture
In the SBA Mentor-Protégé Program...
B/E (Business EIDL) Loan
A business loan that...
S-Corporation
A form of corporation, allowed by...
Credit Score Test
Part of the home loan CET show a...
Contract
A mutually binding legal rel..

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