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.
S-Corporation
A form of corporation, allowed by...
Current Liabilities
A balance sheet item, which...
Certificate of Competency
A certificate issued by the Small Bus...
Capital Leases
are for the purchase of fixed assets such as...
Duplicated Interest
The amount of interest exp...
Sole Proprietor
an individual who...
Income Statement
Shows the entity’s income and...
Contracting Officer
A person with the authority to...
Corporation (C-corp.)
The most common form of business org...
Electronic Data Interchange
Transmission of information bet...
NAICS
NAICS codes are common...
Certified 8(a) Firm
A firm owned and operated by socially and...
Fair and Reasonable Price
A price that is fair to both parties...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Affiliated Group
When two or more...

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