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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Applicant/Co-Applicant
Business entity and person requesting...
Corporation (C-corp.)
The most common form of business org...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Normal Gross Margin
The margin that would have been...
Liabilities
A financial obligation...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
SCORE
Counselors to America's Small Bus...
Break-even Analysis
A calculation of the approximate sales...
NAICS
NAICS codes are common...
Credit Score Test
Part of the home loan CET show a...
Lien
A legal claim against an...
Small Disadvantaged Business Concern
A small business concern that...

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