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.
Normal Annual Sales
Those sales that would have...
Depreciation
A non-cash operating expense that...
Applicant/Co-Applicant
Business entity and person requesting...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Intermediary Organization
Organizations that play a funda...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Contractor Team Arrangement
An arrangement in which...
Extraordinary Items
Additional expenses that are...
Phase 2
Process to be used to determine economic injury for...
Current Assets
A balance sheet item which equals...
NAICS
NAICS codes are common...
Duplicated Interest
The amount of interest exp...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Guarantor
The legal entity and...

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