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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Partnering
A mutually beneficial business-to-bus...
Current Assets
A balance sheet item which equals...
Comparative Analysis
Is designed to point out significant trends that...
Subcontract
A contract between a prime cont...
Cash Flow Test
Part of the CET that determines if...
Partnership
A type of unincorporated business org...
Applicant Entity
The business entity requesting...
Credit Score Test
Part of the home loan CET show a...
Projection
An estimate of future economic or...
Contracting
Purchasing, renting, leasing, or...
Small Business
A business smaller than...
Affiliates
Business concerns, organizations, or...
Mentor
A business, usually large, or...
Intermediary Organization
Organizations that play a funda...

Get the quick rundown on SBA Loans

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