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.
Fair and Reasonable Price
A price that is fair to both parties...
B/E (Business EIDL) Loan
A business loan that...
Mentor
A business, usually large, or...
Injury Period
The time period during...
Phase 2
Process to be used to determine economic injury for...
Extraordinary Items
Additional expenses that are...
Projection
An estimate of future economic or...
Affiliated Group
When two or more...
Current Liabilities
A balance sheet item, which...
Assets
The amount of current assets that is left...
Contract
A mutually binding legal rel..
Limited Partnership
A business organization with one or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
S-Corporation
A form of corporation, allowed by...
Comparative Analysis
Is designed to point out significant trends that...

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