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.
Assets
The amount of current assets that is left...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Days Payable
A measure of the average time a...
Adjusted Net Worth
Post disaster fair market value of tangible...
Collateral
Assets pledged by a borrower to secure a loan...
Mentor
A business, usually large, or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Income Statement
Shows the entity’s income and...
Working Capital (WC)
The amount of current assets that...
Projection
An estimate of future economic or...
Applicant Individual
aka who is requesting an SBA loan...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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