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.
GPM%
The measure of every sales dollar left...
SCORE
Counselors to America's Small Bus...
Acquisition
The acquiring of supplies or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Electronic Data Interchange
Transmission of information bet...
Injury Period
The time period during...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Normal Gross Margin
The margin that would have been...
Current Assets
A balance sheet item which equals...
Adjusted Net Worth
Post disaster fair market value of tangible...
Principal
the owner(s) of the Applicant Entity that...
Comparative Analysis
Is designed to point out significant trends that...

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