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.
B/E (Business EIDL) Loan
A business loan that...
Physical Loans
Funds to repair/replace dis...
Electronic Data Interchange
Transmission of information bet...
Defense Contractor
Any person who enters into...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Credit Elsewhere Test (CET)
The test to determine the...
Current Liabilities
A balance sheet item, which...
Days Payable
A measure of the average time a...
Equity
An accounting term used to...
SCORE
Counselors to America's Small Bus...
Break-even Analysis
A calculation of the approximate sales...
Negotiation
Contracting through the use of...
Primary Activity
The major business activity of...
Lien
A legal claim against an...
NAICS
NAICS codes are common...

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