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.
Subsidiary
A company for which a majority of the...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Trend Analysis
A comparative analysis of...
Operating Leases
are deducted on the company’s...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Contracting Officer
A person with the authority to...
Equity
An accounting term used to...
Amortization
A non-cash operating expense that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Current Assets
A balance sheet item which equals...
Fair and Reasonable Price
A price that is fair to both parties...
Income Statement
Shows the entity’s income and...
Comparative Analysis
Is designed to point out significant trends that...
Subcontract
A contract between a prime cont...

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