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.
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Full and Open Competition
With respect to a contract action...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Subsidiary
A company for which a majority of the...
Injury Period
The time period during...
Operating Leases
are deducted on the company’s...
Injury Analysis
Measures the effects of...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant Entity
The business entity requesting...
Affiliate
Business concerns are affiliates if one concern...
Assets
The amount of current assets that is left...
Physical Loans
Funds to repair/replace dis...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Projection
An estimate of future economic or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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