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.
Injury Period
The time period during...
Phase 1
Process used to determine the...
Hardship Waiver
Method used to approve a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Mentor
A business, usually large, or...
Affiliated Group
When two or more...
Equity
An accounting term used to...
Assets
The amount of current assets that is left...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Small Business
A business smaller than...
Intermediary Organization
Organizations that play a funda...
Contracting
Purchasing, renting, leasing, or...
Days Receivable
A measure of the average time a...
Applicant/Co-Applicant
Business entity and person requesting...
Subcontract
A contract between a prime cont...

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