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.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Cash Flow Test
Part of the CET that determines if...
Lien
A legal claim against an...
Applicant Entity
The business entity requesting...
Extraordinary Items
Additional expenses that are...
Current Assets
A balance sheet item which equals...
Primary Activity
The major business activity of...
Normal Gross Margin
The margin that would have been...
Collateral
Assets pledged by a borrower to secure a loan...
Credit Score Test
Part of the home loan CET show a...
Business Activity
The business (or loss) activity of...
Protégé
A firm in a developmental stage that...
Affiliated Group
When two or more...
Hardship Waiver
Method used to approve a...

Get the quick rundown on SBA Loans

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