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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Small Business
A business smaller than...
Hardship Waiver
Method used to approve a...
NAICS
NAICS codes are common...
Limited Partnership
A business organization with one or...
SCORE
Counselors to America's Small Bus...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Affiliates
Business concerns, organizations, or...
Affiliate
Business concerns are affiliates if one concern...
Standard Industrial Classification (SIC) Code
A code representing a category within...
GPM%
The measure of every sales dollar left...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Amortization
A non-cash operating expense that...
Intermediary Organization
Organizations that play a funda...

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