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.
Current Liabilities
A balance sheet item, which...
Cash Flow Test
Part of the CET that determines if...
Prime Contract
A contract awarded directly...
Duplicated Interest
The amount of interest exp...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Small Business
A business smaller than...
Contracting
Purchasing, renting, leasing, or...
Intermediary Organization
Organizations that play a funda...
Projection
An estimate of future economic or...
GPM%
The measure of every sales dollar left...
Small Disadvantaged Business Concern
A small business concern that...
Guarantor
The legal entity and...
Business Activity
The business (or loss) activity of...

Get the quick rundown on SBA Loans

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