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.
SCORE
Counselors to America's Small Bus...
Guarantor
The legal entity and...
Cash-basis Accounting
records revenue when cash is...
Lien
A legal claim against an...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Days Receivable
A measure of the average time a...
Subcontract
A contract between a prime cont...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Subsidiary
A company for which a majority of the...
Request for Proposal (RFP)
A document outlining a...
Liabilities
A financial obligation...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Applicant/Co-Applicant
Business entity and person requesting...
Fair and Reasonable Price
A price that is fair to both parties...
Prime Contract
A contract awarded directly...

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