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.
SCORE
Counselors to America's Small Bus...
Income Statement
Shows the entity’s income and...
Small Disadvantaged Business Concern
A small business concern that...
Duplicated Interest
The amount of interest exp...
Full and Open Competition
With respect to a contract action...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Cash Flow Test
Part of the CET that determines if...
Working Capital (WC)
The amount of current assets that...
Contracting
Purchasing, renting, leasing, or...
Affiliates
Business concerns, organizations, or...
Comparative Analysis
Is designed to point out significant trends that...
Partnership
A type of unincorporated business org...
Equity
An accounting term used to...
Injury Analysis
Measures the effects of...
Limited Partnership
A business organization with one or...

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