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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Current Liabilities
A balance sheet item, which...
Defense Contractor
Any person who enters into...
Capital Leases
are for the purchase of fixed assets such as...
Sole Proprietor
an individual who...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
S-Corporation
A form of corporation, allowed by...
Projection
An estimate of future economic or...
Contracting
Purchasing, renting, leasing, or...
Operating Leases
are deducted on the company’s...
Protégé
A firm in a developmental stage that...
Days Receivable
A measure of the average time a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Full and Open Competition
With respect to a contract action...
Prime Contract
A contract awarded directly...

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