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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Credit Score Test
Part of the home loan CET show a...
Amortization
A non-cash operating expense that...
Collateral
Assets pledged by a borrower to secure a loan...
Cash Flow Test
Part of the CET that determines if...
GPM%
The measure of every sales dollar left...
Normal Annual Sales
Those sales that would have...
Full and Open Competition
With respect to a contract action...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Applicant Entity
The business entity requesting...
Trend Analysis
A comparative analysis of...
Corporation (C-corp.)
The most common form of business org...
Lien
A legal claim against an...
Certificate of Competency
A certificate issued by the Small Bus...
Best and Final Offer
For negotiated procurements...

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