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.
SCORE
Counselors to America's Small Bus...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Electronic Data Interchange
Transmission of information bet...
Current Assets
A balance sheet item which equals...
Business Activity
The business (or loss) activity of...
Phase 2
Process to be used to determine economic injury for...
Cash-basis Accounting
records revenue when cash is...
Comparative Analysis
Is designed to point out significant trends that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Negotiation
Contracting through the use of...
NAICS
NAICS codes are common...
Applicant Entity
The business entity requesting...
Physical Loans
Funds to repair/replace dis...
Companion File
When an applicant has another application filed...
Current Liabilities
A balance sheet item, which...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.