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.
Cash-basis Accounting
records revenue when cash is...
Partnership
A type of unincorporated business org...
Comparative Analysis
Is designed to point out significant trends that...
Certificate of Competency
A certificate issued by the Small Bus...
Contractor Team Arrangement
An arrangement in which...
Collateral
Assets pledged by a borrower to secure a loan...
Affiliates
Business concerns, organizations, or...
Phase 2
Process to be used to determine economic injury for...
Subsidiary
A company for which a majority of the...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Income Statement
Shows the entity’s income and...
Negotiation
Contracting through the use of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Defense Contractor
Any person who enters into...
Lien
A legal claim against an...

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