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.
Subsidiary
A company for which a majority of the...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Contract
A mutually binding legal rel..
Trend Analysis
A comparative analysis of...
Injury Period
The time period during...
Equity
An accounting term used to...
Fair and Reasonable Price
A price that is fair to both parties...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Certified 8(a) Firm
A firm owned and operated by socially and...
SCORE
Counselors to America's Small Bus...
Lien
A legal claim against an...
Guarantor
The legal entity and...
Request for Proposal (RFP)
A document outlining a...
Duplicated Interest
The amount of interest exp...

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