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.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
NAICS
NAICS codes are common...
Request for Proposal (RFP)
A document outlining a...
SCORE
Counselors to America's Small Bus...
Normal Annual Sales
Those sales that would have...
Contracting Officer
A person with the authority to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Principal
the owner(s) of the Applicant Entity that...
Income Statement
Shows the entity’s income and...
Duplicated Interest
The amount of interest exp...
Days Payable
A measure of the average time a...
Contracting
Purchasing, renting, leasing, or...
Joint Venture
In the SBA Mentor-Protégé Program...
Physical Loans
Funds to repair/replace dis...
Normal Gross Margin
The margin that would have been...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.