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.
Defense Contractor
Any person who enters into...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Emerging Small Business
A small business concern whose...
Cash-basis Accounting
records revenue when cash is...
Current Liabilities
A balance sheet item, which...
Operating Leases
are deducted on the company’s...
Mentor
A business, usually large, or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Duplicated Interest
The amount of interest exp...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Liabilities
A financial obligation...
Affiliated Group
When two or more...
Contracting Officer
A person with the authority to...
Partnering
A mutually beneficial business-to-bus...
B/E (Business EIDL) Loan
A business loan that...

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