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.
Physical Loans
Funds to repair/replace dis...
Income Statement
Shows the entity’s income and...
S-Corporation
A form of corporation, allowed by...
Full and Open Competition
With respect to a contract action...
Fair and Reasonable Price
A price that is fair to both parties...
Contract
A mutually binding legal rel..
Adjusted Net Worth
Post disaster fair market value of tangible...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Sole Proprietor
an individual who...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Principal
the owner(s) of the Applicant Entity that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Contractor Team Arrangement
An arrangement in which...
Trend Analysis
A comparative analysis of...
Certificate of Competency
A certificate issued by the Small Bus...

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