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.
Applicant/Co-Applicant
Business entity and person requesting...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Phase 2
Process to be used to determine economic injury for...
Affiliate
Business concerns are affiliates if one concern...
Electronic Data Interchange
Transmission of information bet...
Business Activity
The business (or loss) activity of...
Lien
A legal claim against an...
Affiliated Group
When two or more...
B/E (Business EIDL) Loan
A business loan that...
Assets
The amount of current assets that is left...
Sole Proprietor
an individual who...
Full and Open Competition
With respect to a contract action...
Request for Proposal (RFP)
A document outlining a...
Best and Final Offer
For negotiated procurements...
Credit Elsewhere Test (CET)
The test to determine the...

Get the quick rundown on SBA Loans

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