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.
Partnering
A mutually beneficial business-to-bus...
Adjusted Net Worth
Post disaster fair market value of tangible...
Injury Analysis
Measures the effects of...
Lien
A legal claim against an...
S-Corporation
A form of corporation, allowed by...
Defense Contractor
Any person who enters into...
Extraordinary Items
Additional expenses that are...
Current Assets
A balance sheet item which equals...
Principal
the owner(s) of the Applicant Entity that...
NAICS
NAICS codes are common...
Applicant/Co-Applicant
Business entity and person requesting...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Period
The time period during...
Guarantor
The legal entity and...
Physical Loans
Funds to repair/replace dis...

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