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.
Small Disadvantaged Business Concern
A small business concern that...
Partnering
A mutually beneficial business-to-bus...
Working Capital (WC)
The amount of current assets that...
Applicant/Co-Applicant
Business entity and person requesting...
Cash-basis Accounting
records revenue when cash is...
Full and Open Competition
With respect to a contract action...
Intermediary Organization
Organizations that play a funda...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Credit Elsewhere Test (CET)
The test to determine the...
Affiliates
Business concerns, organizations, or...
Contract
A mutually binding legal rel..
GPM%
The measure of every sales dollar left...
Emerging Small Business
A small business concern whose...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Substantial Damage
This means uninsured or otherwise uncompensated...

Get the quick rundown on SBA Loans

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