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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Full and Open Competition
With respect to a contract action...
S-Corporation
A form of corporation, allowed by...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Normal Annual Sales
Those sales that would have...
Current Liabilities
A balance sheet item, which...
Principal
the owner(s) of the Applicant Entity that...
Intermediary Organization
Organizations that play a funda...
Negotiation
Contracting through the use of...
Days Receivable
A measure of the average time a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Contract
A mutually binding legal rel..
Income Statement
Shows the entity’s income and...
Contracting Officer
A person with the authority to...

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