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.
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Applicant Individual
aka who is requesting an SBA loan...
Contractor Team Arrangement
An arrangement in which...
Hardship Waiver
Method used to approve a...
Lien
A legal claim against an...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Companion File
When an applicant has another application filed...
Corporation (C-corp.)
The most common form of business org...
Days Receivable
A measure of the average time a...
Working Capital (WC)
The amount of current assets that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Sole Proprietor
an individual who...
Normal Gross Margin
The margin that would have been...
Income Statement
Shows the entity’s income and...

Get the quick rundown on SBA Loans

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