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.
Intermediary Organization
Organizations that play a funda...
Extraordinary Items
Additional expenses that are...
Lien
A legal claim against an...
Companion File
When an applicant has another application filed...
Normal Annual Sales
Those sales that would have...
Affiliated Group
When two or more...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Primary Activity
The major business activity of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Corporation (C-corp.)
The most common form of business org...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Income Statement
Shows the entity’s income and...
Full and Open Competition
With respect to a contract action...
Liabilities
A financial obligation...
Electronic Data Interchange
Transmission of information bet...

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