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.
Fair and Reasonable Price
A price that is fair to both parties...
Days Receivable
A measure of the average time a...
Extraordinary Items
Additional expenses that are...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Sole Proprietor
an individual who...
Injury Period
The time period during...
Applicant Entity
The business entity requesting...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Assets
The amount of current assets that is left...
Small Business
A business smaller than...
Small Disadvantaged Business Concern
A small business concern that...
Defense Contractor
Any person who enters into...
Applicant/Co-Applicant
Business entity and person requesting...

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