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.
Business Activity
The business (or loss) activity of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Adjusted Net Worth
Post disaster fair market value of tangible...
Trend Analysis
A comparative analysis of...
NAICS
NAICS codes are common...
Phase 1
Process used to determine the...
Amortization
A non-cash operating expense that...
Days Receivable
A measure of the average time a...
Contracting
Purchasing, renting, leasing, or...
Prime Contract
A contract awarded directly...
Subcontract
A contract between a prime cont...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant Individual
aka who is requesting an SBA loan...
Comparative Analysis
Is designed to point out significant trends that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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