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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Business Activity
The business (or loss) activity of...
Small Business
A business smaller than...
Sole Proprietor
an individual who...
Defense Contractor
Any person who enters into...
Emerging Small Business
A small business concern whose...
Certificate of Competency
A certificate issued by the Small Bus...
Prime Contract
A contract awarded directly...
Cash-basis Accounting
records revenue when cash is...
Partnership
A type of unincorporated business org...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Income Statement
Shows the entity’s income and...
Days Payable
A measure of the average time a...
Applicant Individual
aka who is requesting an SBA loan...

Get the quick rundown on SBA Loans

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