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.
Amortization
A non-cash operating expense that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
B/E (Business EIDL) Loan
A business loan that...
Affiliated Group
When two or more...
Trend Analysis
A comparative analysis of...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Assets
The amount of current assets that is left...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Subcontract
A contract between a prime cont...
Cash Flow Test
Part of the CET that determines if...
Contractor Team Arrangement
An arrangement in which...
Physical Loans
Funds to repair/replace dis...
Liabilities
A financial obligation...
S-Corporation
A form of corporation, allowed by...

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