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.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Depreciation
A non-cash operating expense that...
Limited Partnership
A business organization with one or...
Cash-basis Accounting
records revenue when cash is...
Certified 8(a) Firm
A firm owned and operated by socially and...
Principal
the owner(s) of the Applicant Entity that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Small Disadvantaged Business Concern
A small business concern that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Working Capital (WC)
The amount of current assets that...
Applicant/Co-Applicant
Business entity and person requesting...
Acquisition
The acquiring of supplies or...
Lien
A legal claim against an...

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