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...
Capital Leases
are for the purchase of fixed assets such as...
Days Receivable
A measure of the average time a...
NAICS
NAICS codes are common...
Applicant/Co-Applicant
Business entity and person requesting...
Duplicated Interest
The amount of interest exp...
Contracting Officer
A person with the authority to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Affiliates
Business concerns, organizations, or...
Intermediary Organization
Organizations that play a funda...
Sole Proprietor
an individual who...
Days Payable
A measure of the average time a...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Projection
An estimate of future economic or...

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