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.
Contractor Team Arrangement
An arrangement in which...
Injury Period
The time period during...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
NAICS
NAICS codes are common...
Days Payable
A measure of the average time a...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Request for Proposal (RFP)
A document outlining a...
Partnering
A mutually beneficial business-to-bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Liabilities
A financial obligation...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Physical Loans
Funds to repair/replace dis...
Affiliate
Business concerns are affiliates if one concern...
Sole Proprietor
an individual who...
Normal Annual Sales
Those sales that would have...

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