Assets

Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, a house, a car, and other property.

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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Principal
the owner(s) of the Applicant Entity that...
Subsidiary
A company for which a majority of the...
Physical Loans
Funds to repair/replace dis...
NAICS
NAICS codes are common...
Prime Contract
A contract awarded directly...
Operating Leases
are deducted on the company’s...
Amortization
A non-cash operating expense that...
Break-even Analysis
A calculation of the approximate sales...
Phase 1
Process used to determine the...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Companion File
When an applicant has another application filed...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Business Activity
The business (or loss) activity of...
Phase 2
Process to be used to determine economic injury for...

Get the quick rundown on SBA Loans

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