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.
Mentor
A business, usually large, or...
Days Receivable
A measure of the average time a...
Break-even Analysis
A calculation of the approximate sales...
Trend Analysis
A comparative analysis of...
Acquisition
The acquiring of supplies or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Days Payable
A measure of the average time a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Depreciation
A non-cash operating expense that...
Limited Partnership
A business organization with one or...
Primary Activity
The major business activity of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Fair and Reasonable Price
A price that is fair to both parties...
Adjusted Net Worth
Post disaster fair market value of tangible...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.