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.
Subsidiary
A company for which a majority of the...
Break-even Analysis
A calculation of the approximate sales...
Certificate of Competency
A certificate issued by the Small Bus...
Comparative Analysis
Is designed to point out significant trends that...
Days Payable
A measure of the average time a...
Contract
A mutually binding legal rel..
Hardship Waiver
Method used to approve a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Current Liabilities
A balance sheet item, which...
Injury Period
The time period during...
Mentor
A business, usually large, or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Depreciation
A non-cash operating expense that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Affiliated Group
When two or more...

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