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.
Companion File
When an applicant has another application filed...
Joint Venture
In the SBA Mentor-Protégé Program...
B/E (Business EIDL) Loan
A business loan that...
Affiliated Group
When two or more...
Injury Analysis
Measures the effects of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Negotiation
Contracting through the use of...
Assets
The amount of current assets that is left...
Small Business
A business smaller than...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Affiliate
Business concerns are affiliates if one concern...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Partnering
A mutually beneficial business-to-bus...
Days Receivable
A measure of the average time a...
Contract
A mutually binding legal rel..

Get the quick rundown on SBA Loans

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