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.
Liabilities
A financial obligation...
Normal Annual Sales
Those sales that would have...
Emerging Small Business
A small business concern whose...
Current Liabilities
A balance sheet item, which...
Operating Leases
are deducted on the company’s...
Phase 2
Process to be used to determine economic injury for...
Partnering
A mutually beneficial business-to-bus...
Corporation (C-corp.)
The most common form of business org...
Amortization
A non-cash operating expense that...
Full and Open Competition
With respect to a contract action...
Projection
An estimate of future economic or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
GPM%
The measure of every sales dollar left...
Physical Loans
Funds to repair/replace dis...
Comparative Analysis
Is designed to point out significant trends that...

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