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.
Guarantor
The legal entity and...
Certified 8(a) Firm
A firm owned and operated by socially and...
Partnering
A mutually beneficial business-to-bus...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Extraordinary Items
Additional expenses that are...
B/E (Business EIDL) Loan
A business loan that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Days Receivable
A measure of the average time a...
Defense Contractor
Any person who enters into...
Depreciation
A non-cash operating expense that...
S-Corporation
A form of corporation, allowed by...
Intermediary Organization
Organizations that play a funda...
Credit Score Test
Part of the home loan CET show a...
Subsidiary
A company for which a majority of the...

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