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.
Days Payable
A measure of the average time a...
Small Disadvantaged Business Concern
A small business concern that...
Best and Final Offer
For negotiated procurements...
Sole Proprietor
an individual who...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Business Activity
The business (or loss) activity of...
Capital Leases
are for the purchase of fixed assets such as...
Defense Contractor
Any person who enters into...
Limited Partnership
A business organization with one or...
Current Liabilities
A balance sheet item, which...
Applicant/Co-Applicant
Business entity and person requesting...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Fair and Reasonable Price
A price that is fair to both parties...
Partnership
A type of unincorporated business org...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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