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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Corporation (C-corp.)
The most common form of business org...
Duplicated Interest
The amount of interest exp...
Partnering
A mutually beneficial business-to-bus...
Subsidiary
A company for which a majority of the...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
GPM%
The measure of every sales dollar left...
Primary Activity
The major business activity of...
Protégé
A firm in a developmental stage that...
Operating Leases
are deducted on the company’s...
Best and Final Offer
For negotiated procurements...
Normal Gross Margin
The margin that would have been...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Emerging Small Business
A small business concern whose...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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