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.
Injury Analysis
Measures the effects of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Current Liabilities
A balance sheet item, which...
Credit Score Test
Part of the home loan CET show a...
Defense Contractor
Any person who enters into...
Primary Activity
The major business activity of...
Mentor
A business, usually large, or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Emerging Small Business
A small business concern whose...
Applicant Individual
aka who is requesting an SBA loan...
Acquisition
The acquiring of supplies or...
Collateral
Assets pledged by a borrower to secure a loan...
Days Payable
A measure of the average time a...

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