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.
Corporation (C-corp.)
The most common form of business org...
Guarantor
The legal entity and...
Joint Venture
In the SBA Mentor-Protégé Program...
Emerging Small Business
A small business concern whose...
Cash-basis Accounting
records revenue when cash is...
Cash Flow Test
Part of the CET that determines if...
Affiliate
Business concerns are affiliates if one concern...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Subcontract
A contract between a prime cont...
Current Assets
A balance sheet item which equals...
Full and Open Competition
With respect to a contract action...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Applicant Individual
aka who is requesting an SBA loan...
Contractor Team Arrangement
An arrangement in which...

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