Current Assets

A balance sheet item which equals the sum of cash and cash equivalents, accounts receivable , inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than one year.

Updated on
September 9, 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.
Affiliate
Business concerns are affiliates if one concern...
Certificate of Competency
A certificate issued by the Small Bus...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
S-Corporation
A form of corporation, allowed by...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Amortization
A non-cash operating expense that...
Projection
An estimate of future economic or...
Request for Proposal (RFP)
A document outlining a...
Duplicated Interest
The amount of interest exp...
Break-even Analysis
A calculation of the approximate sales...
Sole Proprietor
an individual who...
Applicant Individual
aka who is requesting an SBA loan...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Contractor Team Arrangement
An arrangement in which...
Mentor
A business, usually large, or...

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