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.
Protégé
A firm in a developmental stage that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Substantial Damage
This means uninsured or otherwise uncompensated...
Injury Period
The time period during...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Best and Final Offer
For negotiated procurements...
Certificate of Competency
A certificate issued by the Small Bus...
Partnership
A type of unincorporated business org...
Current Liabilities
A balance sheet item, which...
Emerging Small Business
A small business concern whose...
Affiliate
Business concerns are affiliates if one concern...
Income Statement
Shows the entity’s income and...
Prime Contract
A contract awarded directly...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Credit Score Test
Part of the home loan CET show a...

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