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.
Contracting Officer
A person with the authority to...
Credit Elsewhere Test (CET)
The test to determine the...
Assets
The amount of current assets that is left...
Amortization
A non-cash operating expense that...
Affiliated Group
When two or more...
Phase 1
Process used to determine the...
Fair and Reasonable Price
A price that is fair to both parties...
GPM%
The measure of every sales dollar left...
Intermediary Organization
Organizations that play a funda...
S-Corporation
A form of corporation, allowed by...
Emerging Small Business
A small business concern whose...
Business Activity
The business (or loss) activity of...
Lien
A legal claim against an...
Applicant Individual
aka who is requesting an SBA loan...
Extraordinary Items
Additional expenses that are...

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