Working Capital (WC)

The amount of current assets that is left after all current debts are paid.

Updated on
September 8, 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.
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Principal
the owner(s) of the Applicant Entity that...
Applicant Individual
aka who is requesting an SBA loan...
Credit Elsewhere Test (CET)
The test to determine the...
Prime Contract
A contract awarded directly...
Income Statement
Shows the entity’s income and...
Electronic Data Interchange
Transmission of information bet...
Substantial Damage
This means uninsured or otherwise uncompensated...
Intermediary Organization
Organizations that play a funda...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Operating Leases
are deducted on the company’s...
Injury Analysis
Measures the effects of...
Certificate of Competency
A certificate issued by the Small Bus...
Guarantor
The legal entity and...
Partnership
A type of unincorporated business org...

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