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.
Mentor
A business, usually large, or...
Defense Contractor
Any person who enters into...
Days Payable
A measure of the average time a...
Applicant Entity
The business entity requesting...
Contracting Officer
A person with the authority to...
Companion File
When an applicant has another application filed...
Cash Flow Test
Part of the CET that determines if...
Contractor Team Arrangement
An arrangement in which...
Principal
the owner(s) of the Applicant Entity that...
Capital Leases
are for the purchase of fixed assets such as...
Prime Contract
A contract awarded directly...
Certified 8(a) Firm
A firm owned and operated by socially and...
NAICS
NAICS codes are common...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Best and Final Offer
For negotiated procurements...

Get the quick rundown on SBA Loans

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