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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
S-Corporation
A form of corporation, allowed by...
Projection
An estimate of future economic or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Adjusted Net Worth
Post disaster fair market value of tangible...
Request for Proposal (RFP)
A document outlining a...
Full and Open Competition
With respect to a contract action...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Business
A business smaller than...
Trend Analysis
A comparative analysis of...
Phase 1
Process used to determine the...
Phase 2
Process to be used to determine economic injury for...
Prime Contract
A contract awarded directly...
GPM%
The measure of every sales dollar left...

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