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.
Collateral
Assets pledged by a borrower to secure a loan...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Affiliated Group
When two or more...
Subcontract
A contract between a prime cont...
Best and Final Offer
For negotiated procurements...
Days Payable
A measure of the average time a...
Acquisition
The acquiring of supplies or...
Lien
A legal claim against an...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Capital Leases
are for the purchase of fixed assets such as...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Normal Annual Sales
Those sales that would have...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Cash Flow Test
Part of the CET that determines if...

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