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.
Full and Open Competition
With respect to a contract action...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Working Capital (WC)
The amount of current assets that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Break-even Analysis
A calculation of the approximate sales...
Current Liabilities
A balance sheet item, which...
Limited Partnership
A business organization with one or...
Comparative Analysis
Is designed to point out significant trends that...
Hardship Waiver
Method used to approve a...
Affiliates
Business concerns, organizations, or...
Sole Proprietor
an individual who...
S-Corporation
A form of corporation, allowed by...
Prime Contract
A contract awarded directly...
Applicant Individual
aka who is requesting an SBA loan...
Injury Period
The time period during...

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