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.
Intermediary Organization
Organizations that play a funda...
Operating Leases
are deducted on the company’s...
Full and Open Competition
With respect to a contract action...
Trend Analysis
A comparative analysis of...
GPM%
The measure of every sales dollar left...
Partnership
A type of unincorporated business org...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Emerging Small Business
A small business concern whose...
Break-even Analysis
A calculation of the approximate sales...
Adjusted Net Worth
Post disaster fair market value of tangible...
Contracting
Purchasing, renting, leasing, or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Affiliated Group
When two or more...
Principal
the owner(s) of the Applicant Entity that...
Credit Score Test
Part of the home loan CET show a...

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