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...
Cash Flow Test
Part of the CET that determines if...
Principal
the owner(s) of the Applicant Entity that...
Partnering
A mutually beneficial business-to-bus...
Operating Leases
are deducted on the company’s...
Small Business
A business smaller than...
Hardship Waiver
Method used to approve a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Phase 2
Process to be used to determine economic injury for...
Assets
The amount of current assets that is left...
Injury Period
The time period during...
Joint Venture
In the SBA Mentor-Protégé Program...
Adjusted Net Worth
Post disaster fair market value of tangible...
Fair and Reasonable Price
A price that is fair to both parties...
Break-even Analysis
A calculation of the approximate sales...

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