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.
Applicant/Co-Applicant
Business entity and person requesting...
Phase 1
Process used to determine the...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Principal
the owner(s) of the Applicant Entity that...
Working Capital (WC)
The amount of current assets that...
Business Activity
The business (or loss) activity of...
Normal Annual Sales
Those sales that would have...
Corporation (C-corp.)
The most common form of business org...
B/E (Business EIDL) Loan
A business loan that...
Contract
A mutually binding legal rel..
Standard Industrial Classification (SIC) Code
A code representing a category within...
Liabilities
A financial obligation...
Emerging Small Business
A small business concern whose...
Trend Analysis
A comparative analysis of...

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