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.
Days Payable
A measure of the average time a...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contracting Officer
A person with the authority to...
Affiliate
Business concerns are affiliates if one concern...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Mentor
A business, usually large, or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Break-even Analysis
A calculation of the approximate sales...
Depreciation
A non-cash operating expense that...
Fair and Reasonable Price
A price that is fair to both parties...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Best and Final Offer
For negotiated procurements...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.