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.
Physical Loans
Funds to repair/replace dis...
Corporation (C-corp.)
The most common form of business org...
Duplicated Interest
The amount of interest exp...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Affiliates
Business concerns, organizations, or...
Current Assets
A balance sheet item which equals...
Assets
The amount of current assets that is left...
Joint Venture
In the SBA Mentor-Protégé Program...
Protégé
A firm in a developmental stage that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Phase 1
Process used to determine the...
Small Disadvantaged Business Concern
A small business concern that...
Injury Period
The time period during...
S-Corporation
A form of corporation, allowed by...

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