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.
Adjusted Net Worth
Post disaster fair market value of tangible...
Certificate of Competency
A certificate issued by the Small Bus...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Trend Analysis
A comparative analysis of...
Partnership
A type of unincorporated business org...
Contracting Officer
A person with the authority to...
Contractor Team Arrangement
An arrangement in which...
Prime Contract
A contract awarded directly...
B/E (Business EIDL) Loan
A business loan that...
Acquisition
The acquiring of supplies or...
Request for Proposal (RFP)
A document outlining a...
Working Capital (WC)
The amount of current assets that...
Phase 1
Process used to determine the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Small Disadvantaged Business Concern
A small business concern that...

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