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.
Subcontract
A contract between a prime cont...
Adjusted Net Worth
Post disaster fair market value of tangible...
Lien
A legal claim against an...
Current Liabilities
A balance sheet item, which...
Acquisition
The acquiring of supplies or...
Guarantor
The legal entity and...
Affiliated Group
When two or more...
Assets
The amount of current assets that is left...
Amortization
A non-cash operating expense that...
Capital Leases
are for the purchase of fixed assets such as...
Operating Leases
are deducted on the company’s...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Certificate of Competency
A certificate issued by the Small Bus...
Business Activity
The business (or loss) activity of...
Credit Elsewhere Test (CET)
The test to determine the...

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