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.
SCORE
Counselors to America's Small Bus...
Current Liabilities
A balance sheet item, which...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Companion File
When an applicant has another application filed...
Principal
the owner(s) of the Applicant Entity that...
Full and Open Competition
With respect to a contract action...
Break-even Analysis
A calculation of the approximate sales...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Phase 1
Process used to determine the...
Lien
A legal claim against an...
Primary Activity
The major business activity of...
NAICS
NAICS codes are common...
Intermediary Organization
Organizations that play a funda...
Extraordinary Items
Additional expenses that are...
Corporation (C-corp.)
The most common form of business org...

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