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.
Corporation (C-corp.)
The most common form of business org...
Normal Gross Margin
The margin that would have been...
Principal
the owner(s) of the Applicant Entity that...
Prime Contract
A contract awarded directly...
GPM%
The measure of every sales dollar left...
Liabilities
A financial obligation...
Phase 2
Process to be used to determine economic injury for...
Capital Leases
are for the purchase of fixed assets such as...
Subcontract
A contract between a prime cont...
Trend Analysis
A comparative analysis of...
Contractor Team Arrangement
An arrangement in which...
Days Payable
A measure of the average time a...
Collateral
Assets pledged by a borrower to secure a loan...
Emerging Small Business
A small business concern whose...
Applicant Entity
The business entity requesting...

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