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.
Liabilities
A financial obligation...
Extraordinary Items
Additional expenses that are...
Income Statement
Shows the entity’s income and...
Cash-basis Accounting
records revenue when cash is...
Contracting Officer
A person with the authority to...
Affiliated Group
When two or more...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash Flow Test
Part of the CET that determines if...
Small Disadvantaged Business Concern
A small business concern that...
Current Assets
A balance sheet item which equals...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Comparative Analysis
Is designed to point out significant trends that...
Amortization
A non-cash operating expense that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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