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.
Normal Gross Margin
The margin that would have been...
Injury Analysis
Measures the effects of...
Acquisition
The acquiring of supplies or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Affiliate
Business concerns are affiliates if one concern...
Corporation (C-corp.)
The most common form of business org...
Extraordinary Items
Additional expenses that are...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Income Statement
Shows the entity’s income and...
Hardship Waiver
Method used to approve a...
Sole Proprietor
an individual who...
Best and Final Offer
For negotiated procurements...
Operating Leases
are deducted on the company’s...

Get the quick rundown on SBA Loans

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