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...
Subsidiary
A company for which a majority of the...
Applicant Individual
aka who is requesting an SBA loan...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Principal
the owner(s) of the Applicant Entity that...
Income Statement
Shows the entity’s income and...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Assets
The amount of current assets that is left...
Contractor Team Arrangement
An arrangement in which...
Intermediary Organization
Organizations that play a funda...
NAICS
NAICS codes are common...
Corporation (C-corp.)
The most common form of business org...
Capital Leases
are for the purchase of fixed assets such as...
Extraordinary Items
Additional expenses that are...
Days Payable
A measure of the average time a...

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