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.
Projection
An estimate of future economic or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Principal
the owner(s) of the Applicant Entity that...
Defense Contractor
Any person who enters into...
Amortization
A non-cash operating expense that...
Injury Period
The time period during...
Duplicated Interest
The amount of interest exp...
Days Receivable
A measure of the average time a...
NAICS
NAICS codes are common...
Affiliates
Business concerns, organizations, or...
Injury Analysis
Measures the effects of...
Physical Loans
Funds to repair/replace dis...
Equity
An accounting term used to...
Joint Venture
In the SBA Mentor-Protégé Program...
S-Corporation
A form of corporation, allowed by...

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