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.
Physical Loans
Funds to repair/replace dis...
Substantial Damage
This means uninsured or otherwise uncompensated...
Request for Proposal (RFP)
A document outlining a...
Sole Proprietor
an individual who...
Applicant Individual
aka who is requesting an SBA loan...
Cash Flow Test
Part of the CET that determines if...
Capital Leases
are for the purchase of fixed assets such as...
Contracting
Purchasing, renting, leasing, or...
Credit Elsewhere Test (CET)
The test to determine the...
Assets
The amount of current assets that is left...
Protégé
A firm in a developmental stage that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Small Business
A business smaller than...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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