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.
Partnership
A type of unincorporated business org...
Cash-basis Accounting
records revenue when cash is...
Projection
An estimate of future economic or...
Limited Partnership
A business organization with one or...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Business Activity
The business (or loss) activity of...
Fair and Reasonable Price
A price that is fair to both parties...
Days Payable
A measure of the average time a...
Credit Score Test
Part of the home loan CET show a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Joint Venture
In the SBA Mentor-Protégé Program...
Assets
The amount of current assets that is left...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Intermediary Organization
Organizations that play a funda...
Normal Annual Sales
Those sales that would have...

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