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.
Phase 1
Process used to determine the...
Corporation (C-corp.)
The most common form of business org...
GPM%
The measure of every sales dollar left...
Affiliates
Business concerns, organizations, or...
Extraordinary Items
Additional expenses that are...
Days Payable
A measure of the average time a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Break-even Analysis
A calculation of the approximate sales...
Mentor
A business, usually large, or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Affiliated Group
When two or more...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Protégé
A firm in a developmental stage that...

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