Balance Sheet or Statement of Financial Position

Reports an entity’s Assets, Liabilities and Equity (net worth) at a specific time. Assets = Liabilities + Equity.

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.
Extraordinary Items
Additional expenses that are...
Negotiation
Contracting through the use of...
Corporation (C-corp.)
The most common form of business org...
Substantial Damage
This means uninsured or otherwise uncompensated...
Mentor
A business, usually large, or...
Subsidiary
A company for which a majority of the...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Normal Gross Margin
The margin that would have been...
Applicant Entity
The business entity requesting...
Contracting
Purchasing, renting, leasing, or...
Assets
The amount of current assets that is left...
Credit Score Test
Part of the home loan CET show a...
Trend Analysis
A comparative analysis of...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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