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.
Request for Proposal (RFP)
A document outlining a...
Intermediary Organization
Organizations that play a funda...
Contracting
Purchasing, renting, leasing, or...
Substantial Damage
This means uninsured or otherwise uncompensated...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Electronic Data Interchange
Transmission of information bet...
B/E (Business EIDL) Loan
A business loan that...
Working Capital (WC)
The amount of current assets that...
Credit Score Test
Part of the home loan CET show a...
Certified 8(a) Firm
A firm owned and operated by socially and...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
SCORE
Counselors to America's Small Bus...
Prime Contract
A contract awarded directly...
Partnering
A mutually beneficial business-to-bus...
Current Assets
A balance sheet item which equals...

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