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.
Applicant Entity
The business entity requesting...
Mentor
A business, usually large, or...
Principal
the owner(s) of the Applicant Entity that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Days Receivable
A measure of the average time a...
Intermediary Organization
Organizations that play a funda...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Projection
An estimate of future economic or...
Guarantor
The legal entity and...
Contracting
Purchasing, renting, leasing, or...
Hardship Waiver
Method used to approve a...
Trend Analysis
A comparative analysis of...
Credit Score Test
Part of the home loan CET show a...
Lien
A legal claim against an...

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