Accrual Basis Accounting

recognizes revenues when earned and expenses are matched with the related revenues and/or are reported when the expense occurs, not when the cash is paid deducts expenses when incurred.

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.
Contracting Officer
A person with the authority to...
Cash Flow Test
Part of the CET that determines if...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Partnering
A mutually beneficial business-to-bus...
Current Assets
A balance sheet item which equals...
Subcontract
A contract between a prime cont...
Subsidiary
A company for which a majority of the...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Operating Leases
are deducted on the company’s...
Full and Open Competition
With respect to a contract action...
SCORE
Counselors to America's Small Bus...
Acquisition
The acquiring of supplies or...
Applicant Entity
The business entity requesting...
Lien
A legal claim against an...

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