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.
Comparative Analysis
Is designed to point out significant trends that...
Collateral
Assets pledged by a borrower to secure a loan...
Capital Leases
are for the purchase of fixed assets such as...
Certificate of Competency
A certificate issued by the Small Bus...
Assets
The amount of current assets that is left...
Applicant Entity
The business entity requesting...
Corporation (C-corp.)
The most common form of business org...
Current Assets
A balance sheet item which equals...
Applicant/Co-Applicant
Business entity and person requesting...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contracting
Purchasing, renting, leasing, or...
Primary Activity
The major business activity of...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Physical Loans
Funds to repair/replace dis...
Credit Score Test
Part of the home loan CET show a...

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