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...
Subcontract
A contract between a prime cont...
Injury Analysis
Measures the effects of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Duplicated Interest
The amount of interest exp...
Mentor
A business, usually large, or...
Extraordinary Items
Additional expenses that are...
Credit Score Test
Part of the home loan CET show a...
Phase 1
Process used to determine the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Best and Final Offer
For negotiated procurements...
Current Liabilities
A balance sheet item, which...
Working Capital (WC)
The amount of current assets that...
Cash-basis Accounting
records revenue when cash is...
Operating Leases
are deducted on the company’s...

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