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.
Current Assets
A balance sheet item which equals...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Amortization
A non-cash operating expense that...
Working Capital (WC)
The amount of current assets that...
Capital Leases
are for the purchase of fixed assets such as...
Partnership
A type of unincorporated business org...
S-Corporation
A form of corporation, allowed by...
Cash-basis Accounting
records revenue when cash is...
Business Activity
The business (or loss) activity of...
Best and Final Offer
For negotiated procurements...
Subsidiary
A company for which a majority of the...
Certificate of Competency
A certificate issued by the Small Bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Request for Proposal (RFP)
A document outlining a...
Limited Partnership
A business organization with one or...

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