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.
Business Activity
The business (or loss) activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Injury Analysis
Measures the effects of...
Emerging Small Business
A small business concern whose...
Operating Leases
are deducted on the company’s...
SCORE
Counselors to America's Small Bus...
Physical Loans
Funds to repair/replace dis...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Full and Open Competition
With respect to a contract action...
S-Corporation
A form of corporation, allowed by...
Amortization
A non-cash operating expense that...
Primary Activity
The major business activity of...
Limited Partnership
A business organization with one or...
Fair and Reasonable Price
A price that is fair to both parties...

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