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.
Liabilities
A financial obligation...
Small Business
A business smaller than...
Electronic Data Interchange
Transmission of information bet...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Injury Analysis
Measures the effects of...
Credit Score Test
Part of the home loan CET show a...
Subsidiary
A company for which a majority of the...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Adjusted Net Worth
Post disaster fair market value of tangible...
B/E (Business EIDL) Loan
A business loan that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Projection
An estimate of future economic or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliated Group
When two or more...
Business Activity
The business (or loss) activity of...

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