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.
Extraordinary Items
Additional expenses that are...
Income Statement
Shows the entity’s income and...
Affiliates
Business concerns, organizations, or...
Hardship Waiver
Method used to approve a...
Defense Contractor
Any person who enters into...
Working Capital (WC)
The amount of current assets that...
Trend Analysis
A comparative analysis of...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Protégé
A firm in a developmental stage that...
Corporation (C-corp.)
The most common form of business org...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Disadvantaged Business Concern
A small business concern that...
Companion File
When an applicant has another application filed...
Contracting Officer
A person with the authority to...
Injury Analysis
Measures the effects of...

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