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.
S-Corporation
A form of corporation, allowed by...
Substantial Damage
This means uninsured or otherwise uncompensated...
Partnering
A mutually beneficial business-to-bus...
Assets
The amount of current assets that is left...
Applicant/Co-Applicant
Business entity and person requesting...
Projection
An estimate of future economic or...
Contracting
Purchasing, renting, leasing, or...
B/E (Business EIDL) Loan
A business loan that...
Fair and Reasonable Price
A price that is fair to both parties...
Phase 1
Process used to determine the...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Best and Final Offer
For negotiated procurements...
Normal Annual Sales
Those sales that would have...
Principal
the owner(s) of the Applicant Entity that...
Emerging Small Business
A small business concern whose...

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