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.
Certificate of Competency
A certificate issued by the Small Bus...
Guarantor
The legal entity and...
Emerging Small Business
A small business concern whose...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Duplicated Interest
The amount of interest exp...
Business Activity
The business (or loss) activity of...
Prime Contract
A contract awarded directly...
Full and Open Competition
With respect to a contract action...
Small Business
A business smaller than...
Injury Period
The time period during...
Best and Final Offer
For negotiated procurements...
Hardship Waiver
Method used to approve a...
Applicant Individual
aka who is requesting an SBA loan...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Small Disadvantaged Business Concern
A small business concern that...

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