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.
Negotiation
Contracting through the use of...
Break-even Analysis
A calculation of the approximate sales...
Comparative Analysis
Is designed to point out significant trends that...
Normal Gross Margin
The margin that would have been...
Phase 2
Process to be used to determine economic injury for...
SCORE
Counselors to America's Small Bus...
Fair and Reasonable Price
A price that is fair to both parties...
Subsidiary
A company for which a majority of the...
Credit Score Test
Part of the home loan CET show a...
Companion File
When an applicant has another application filed...
Liabilities
A financial obligation...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Mentor
A business, usually large, or...
Current Liabilities
A balance sheet item, which...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.