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.
Contract
A mutually binding legal rel..
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Joint Venture
In the SBA Mentor-Protégé Program...
Physical Loans
Funds to repair/replace dis...
Extraordinary Items
Additional expenses that are...
SCORE
Counselors to America's Small Bus...
Contracting
Purchasing, renting, leasing, or...
Depreciation
A non-cash operating expense that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Prime Contract
A contract awarded directly...
Request for Proposal (RFP)
A document outlining a...
Substantial Damage
This means uninsured or otherwise uncompensated...
Affiliated Group
When two or more...
Certificate of Competency
A certificate issued by the Small Bus...

Get the quick rundown on SBA Loans

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