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.
Affiliated Group
When two or more...
Companion File
When an applicant has another application filed...
Phase 1
Process used to determine the...
Negotiation
Contracting through the use of...
Defense Contractor
Any person who enters into...
Break-even Analysis
A calculation of the approximate sales...
Lien
A legal claim against an...
Partnership
A type of unincorporated business org...
Working Capital (WC)
The amount of current assets that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Electronic Data Interchange
Transmission of information bet...
Acquisition
The acquiring of supplies or...
S-Corporation
A form of corporation, allowed by...
Extraordinary Items
Additional expenses that are...
Substantial Damage
This means uninsured or otherwise uncompensated...

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