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.
Applicant Entity
The business entity requesting...
Projection
An estimate of future economic or...
Credit Elsewhere Test (CET)
The test to determine the...
Working Capital (WC)
The amount of current assets that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Affiliates
Business concerns, organizations, or...
Contractor Team Arrangement
An arrangement in which...
Capital Leases
are for the purchase of fixed assets such as...
Amortization
A non-cash operating expense that...
Contracting
Purchasing, renting, leasing, or...
Request for Proposal (RFP)
A document outlining a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Negotiation
Contracting through the use of...
Small Business
A business smaller than...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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