Balance Sheet or Statement of Financial Position

Reports an entity’s Assets, Liabilities and Equity (net worth) at a specific time. Assets = Liabilities + Equity.

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.
Contracting Officer
A person with the authority to...
Injury Analysis
Measures the effects of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Collateral
Assets pledged by a borrower to secure a loan...
Electronic Data Interchange
Transmission of information bet...
Projection
An estimate of future economic or...
Subsidiary
A company for which a majority of the...
SCORE
Counselors to America's Small Bus...
Hardship Waiver
Method used to approve a...
Assets
The amount of current assets that is left...
Limited Partnership
A business organization with one or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Request for Proposal (RFP)
A document outlining a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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