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.
Affiliate
Business concerns are affiliates if one concern...
Sole Proprietor
an individual who...
Contractor Team Arrangement
An arrangement in which...
Cash-basis Accounting
records revenue when cash is...
Contracting
Purchasing, renting, leasing, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Small Business
A business smaller than...
Operating Leases
are deducted on the company’s...
Small Disadvantaged Business Concern
A small business concern that...
Extraordinary Items
Additional expenses that are...
Certified 8(a) Firm
A firm owned and operated by socially and...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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