Available Asset Test

Part of the CET that determines if an applicant(s) has sufficient assets to borrow private sector funds to repair/replace uncompensated disaster damages without incurring undue hardship. (Certain exclusions apply.)

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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Business
A business smaller than...
Corporation (C-corp.)
The most common form of business org...
Primary Activity
The major business activity of...
Hardship Waiver
Method used to approve a...
Adjusted Net Worth
Post disaster fair market value of tangible...
Substantial Damage
This means uninsured or otherwise uncompensated...
Applicant Entity
The business entity requesting...
Partnering
A mutually beneficial business-to-bus...
Contracting
Purchasing, renting, leasing, or...
Affiliated Group
When two or more...
Injury Period
The time period during...
Emerging Small Business
A small business concern whose...
Days Receivable
A measure of the average time a...
Applicant/Co-Applicant
Business entity and person requesting...

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