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.
Contractor Team Arrangement
An arrangement in which...
Equity
An accounting term used to...
Small Disadvantaged Business Concern
A small business concern that...
Contracting
Purchasing, renting, leasing, or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Prime Contract
A contract awarded directly...
Liabilities
A financial obligation...
Break-even Analysis
A calculation of the approximate sales...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Days Receivable
A measure of the average time a...
Capital Leases
are for the purchase of fixed assets such as...
Fair and Reasonable Price
A price that is fair to both parties...
Injury Analysis
Measures the effects of...
Phase 2
Process to be used to determine economic injury for...
Defense Contractor
Any person who enters into...

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