Available Asset Test

Part of the CET that determines if an applicant(s) has sufficient assets to borrow private sector funds to repair/replace uncompensated disaster damages without incurring undue hardship. (Certain exclusions apply.)

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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Substantial Damage
This means uninsured or otherwise uncompensated...
Income Statement
Shows the entity’s income and...
Prime Contract
A contract awarded directly...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
SCORE
Counselors to America's Small Bus...
Guarantor
The legal entity and...
Phase 1
Process used to determine the...
Emerging Small Business
A small business concern whose...
Small Disadvantaged Business Concern
A small business concern that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Duplicated Interest
The amount of interest exp...
Partnering
A mutually beneficial business-to-bus...
Companion File
When an applicant has another application filed...
NAICS
NAICS codes are common...

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