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.
Applicant Entity
The business entity requesting...
Operating Leases
are deducted on the company’s...
Credit Score Test
Part of the home loan CET show a...
Partnering
A mutually beneficial business-to-bus...
Best and Final Offer
For negotiated procurements...
Adjusted Net Worth
Post disaster fair market value of tangible...
Normal Annual Sales
Those sales that would have...
Depreciation
A non-cash operating expense that...
Contracting Officer
A person with the authority to...
Emerging Small Business
A small business concern whose...
Credit Elsewhere Test (CET)
The test to determine the...
Affiliates
Business concerns, organizations, or...
Affiliated Group
When two or more...
Companion File
When an applicant has another application filed...
S-Corporation
A form of corporation, allowed by...

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