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.
Small Business
A business smaller than...
Certified 8(a) Firm
A firm owned and operated by socially and...
Subcontract
A contract between a prime cont...
Normal Annual Sales
Those sales that would have...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Working Capital (WC)
The amount of current assets that...
Trend Analysis
A comparative analysis of...
Comparative Analysis
Is designed to point out significant trends that...
Certificate of Competency
A certificate issued by the Small Bus...
Affiliated Group
When two or more...
B/E (Business EIDL) Loan
A business loan that...
Acquisition
The acquiring of supplies or...
Partnering
A mutually beneficial business-to-bus...
Negotiation
Contracting through the use of...
Subsidiary
A company for which a majority of the...

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