Cash-basis Accounting

records revenue when cash is received, and expenses when they are paid in cash

Updated on
September 9, 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.
Applicant Entity
The business entity requesting...
Partnership
A type of unincorporated business org...
Assets
The amount of current assets that is left...
Negotiation
Contracting through the use of...
Subsidiary
A company for which a majority of the...
Partnering
A mutually beneficial business-to-bus...
Guarantor
The legal entity and...
Collateral
Assets pledged by a borrower to secure a loan...
Injury Period
The time period during...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Depreciation
A non-cash operating expense that...
Small Business
A business smaller than...
Full and Open Competition
With respect to a contract action...
Fair and Reasonable Price
A price that is fair to both parties...

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