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.
Affiliate
Business concerns are affiliates if one concern...
Contracting Officer
A person with the authority to...
Subsidiary
A company for which a majority of the...
Corporation (C-corp.)
The most common form of business org...
Normal Gross Margin
The margin that would have been...
Negotiation
Contracting through the use of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Request for Proposal (RFP)
A document outlining a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Fair and Reasonable Price
A price that is fair to both parties...
Extraordinary Items
Additional expenses that are...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Physical Loans
Funds to repair/replace dis...
Joint Venture
In the SBA Mentor-Protégé Program...
Depreciation
A non-cash operating expense that...

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