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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
NAICS
NAICS codes are common...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contracting
Purchasing, renting, leasing, or...
Best and Final Offer
For negotiated procurements...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Normal Annual Sales
Those sales that would have...
Extraordinary Items
Additional expenses that are...
Principal
the owner(s) of the Applicant Entity that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Partnership
A type of unincorporated business org...
Intermediary Organization
Organizations that play a funda...
Cash Flow Test
Part of the CET that determines if...

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