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.
Subcontract
A contract between a prime cont...
Comparative Analysis
Is designed to point out significant trends that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Credit Score Test
Part of the home loan CET show a...
Contracting
Purchasing, renting, leasing, or...
Collateral
Assets pledged by a borrower to secure a loan...
Primary Activity
The major business activity of...
Intermediary Organization
Organizations that play a funda...
Extraordinary Items
Additional expenses that are...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Request for Proposal (RFP)
A document outlining a...
Lien
A legal claim against an...
Amortization
A non-cash operating expense that...
Hardship Waiver
Method used to approve a...

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