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.
Income Statement
Shows the entity’s income and...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Days Receivable
A measure of the average time a...
Adjusted Net Worth
Post disaster fair market value of tangible...
NAICS
NAICS codes are common...
Protégé
A firm in a developmental stage that...
Normal Gross Margin
The margin that would have been...
Credit Elsewhere Test (CET)
The test to determine the...
Primary Activity
The major business activity of...
Principal
the owner(s) of the Applicant Entity that...
Days Payable
A measure of the average time a...
Request for Proposal (RFP)
A document outlining a...
S-Corporation
A form of corporation, allowed by...

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