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.
Comparative Analysis
Is designed to point out significant trends that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Days Receivable
A measure of the average time a...
Certificate of Competency
A certificate issued by the Small Bus...
Credit Score Test
Part of the home loan CET show a...
Trend Analysis
A comparative analysis of...
Assets
The amount of current assets that is left...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Operating Leases
are deducted on the company’s...
Projection
An estimate of future economic or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Liabilities
A financial obligation...
Partnership
A type of unincorporated business org...

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