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.
Principal
the owner(s) of the Applicant Entity that...
Subsidiary
A company for which a majority of the...
Contracting
Purchasing, renting, leasing, or...
Days Payable
A measure of the average time a...
Credit Score Test
Part of the home loan CET show a...
Duplicated Interest
The amount of interest exp...
Comparative Analysis
Is designed to point out significant trends that...
Mentor
A business, usually large, or...
Applicant Individual
aka who is requesting an SBA loan...
Contract
A mutually binding legal rel..
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Contracting Officer
A person with the authority to...
Adjusted Net Worth
Post disaster fair market value of tangible...
Depreciation
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...

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