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.
Current Assets
A balance sheet item which equals...
Working Capital (WC)
The amount of current assets that...
Mentor
A business, usually large, or...
Extraordinary Items
Additional expenses that are...
Primary Activity
The major business activity of...
Best and Final Offer
For negotiated procurements...
Affiliated Group
When two or more...
Fair and Reasonable Price
A price that is fair to both parties...
Request for Proposal (RFP)
A document outlining a...
Applicant Entity
The business entity requesting...
Subcontract
A contract between a prime cont...
Operating Leases
are deducted on the company’s...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Contracting Officer
A person with the authority to...
Business Activity
The business (or loss) activity of...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.