Current Assets

A balance sheet item which equals the sum of cash and cash equivalents, accounts receivable , inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than one year.

Updated on
September 9, 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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Substantial Damage
This means uninsured or otherwise uncompensated...
Business Activity
The business (or loss) activity of...
Cash Flow Test
Part of the CET that determines if...
Small Disadvantaged Business Concern
A small business concern that...
Cash-basis Accounting
records revenue when cash is...
Amortization
A non-cash operating expense that...
Days Receivable
A measure of the average time a...
Emerging Small Business
A small business concern whose...
Current Liabilities
A balance sheet item, which...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Liabilities
A financial obligation...
Credit Score Test
Part of the home loan CET show a...
Mentor
A business, usually large, or...
Contracting
Purchasing, renting, leasing, or...

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