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.
Phase 1
Process used to determine the...
Applicant Individual
aka who is requesting an SBA loan...
Partnering
A mutually beneficial business-to-bus...
Mentor
A business, usually large, or...
Companion File
When an applicant has another application filed...
SCORE
Counselors to America's Small Bus...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Corporation (C-corp.)
The most common form of business org...
Full and Open Competition
With respect to a contract action...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Prime Contract
A contract awarded directly...
Certified 8(a) Firm
A firm owned and operated by socially and...
Comparative Analysis
Is designed to point out significant trends that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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