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.
GPM%
The measure of every sales dollar left...
SCORE
Counselors to America's Small Bus...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Defense Contractor
Any person who enters into...
B/E (Business EIDL) Loan
A business loan that...
Depreciation
A non-cash operating expense that...
Full and Open Competition
With respect to a contract action...
Days Payable
A measure of the average time a...
Certified 8(a) Firm
A firm owned and operated by socially and...
Mentor
A business, usually large, or...
Hardship Waiver
Method used to approve a...
Lien
A legal claim against an...
Phase 1
Process used to determine the...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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