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.
Capital Leases
are for the purchase of fixed assets such as...
Request for Proposal (RFP)
A document outlining a...
Subsidiary
A company for which a majority of the...
Working Capital (WC)
The amount of current assets that...
Affiliates
Business concerns, organizations, or...
Projection
An estimate of future economic or...
Guarantor
The legal entity and...
Subcontract
A contract between a prime cont...
Affiliate
Business concerns are affiliates if one concern...
Substantial Damage
This means uninsured or otherwise uncompensated...
Operating Leases
are deducted on the company’s...
Normal Annual Sales
Those sales that would have...
Affiliated Group
When two or more...
Certified 8(a) Firm
A firm owned and operated by socially and...
S-Corporation
A form of corporation, allowed by...

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