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.
Days Payable
A measure of the average time a...
Prime Contract
A contract awarded directly...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Comparative Analysis
Is designed to point out significant trends that...
Limited Partnership
A business organization with one or...
Amortization
A non-cash operating expense that...
Subcontract
A contract between a prime cont...
Request for Proposal (RFP)
A document outlining a...
Negotiation
Contracting through the use of...
Business Activity
The business (or loss) activity of...
Mentor
A business, usually large, or...
Principal
the owner(s) of the Applicant Entity that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Affiliate
Business concerns are affiliates if one concern...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.