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.
GPM%
The measure of every sales dollar left...
Working Capital (WC)
The amount of current assets that...
Primary Activity
The major business activity of...
Normal Gross Margin
The margin that would have been...
Limited Partnership
A business organization with one or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Electronic Data Interchange
Transmission of information bet...
Principal
the owner(s) of the Applicant Entity that...
Hardship Waiver
Method used to approve a...
Equity
An accounting term used to...
Credit Score Test
Part of the home loan CET show a...
Contracting
Purchasing, renting, leasing, or...
S-Corporation
A form of corporation, allowed by...
Amortization
A non-cash operating expense that...
Small Business
A business smaller than...

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