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.
Depreciation
A non-cash operating expense that...
Mentor
A business, usually large, or...
Days Receivable
A measure of the average time a...
Phase 1
Process used to determine the...
Limited Partnership
A business organization with one or...
Business Activity
The business (or loss) activity of...
Amortization
A non-cash operating expense that...
Request for Proposal (RFP)
A document outlining a...
Collateral
Assets pledged by a borrower to secure a loan...
Capital Leases
are for the purchase of fixed assets such as...
Operating Leases
are deducted on the company’s...
Current Liabilities
A balance sheet item, which...
Income Statement
Shows the entity’s income and...
Applicant Entity
The business entity requesting...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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