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.
Assets
The amount of current assets that is left...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Depreciation
A non-cash operating expense that...
Applicant Individual
aka who is requesting an SBA loan...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Collateral
Assets pledged by a borrower to secure a loan...
Affiliates
Business concerns, organizations, or...
Prime Contract
A contract awarded directly...
Affiliate
Business concerns are affiliates if one concern...
Emerging Small Business
A small business concern whose...
Capital Leases
are for the purchase of fixed assets such as...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Principal
the owner(s) of the Applicant Entity that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Credit Elsewhere Test (CET)
The test to determine the...

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