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.
Joint Venture
In the SBA Mentor-Protégé Program...
Limited Partnership
A business organization with one or...
Electronic Data Interchange
Transmission of information bet...
Projection
An estimate of future economic or...
Emerging Small Business
A small business concern whose...
Adjusted Net Worth
Post disaster fair market value of tangible...
Collateral
Assets pledged by a borrower to secure a loan...
Full and Open Competition
With respect to a contract action...
Contracting
Purchasing, renting, leasing, or...
Contracting Officer
A person with the authority to...
Applicant Individual
aka who is requesting an SBA loan...
Physical Loans
Funds to repair/replace dis...
Best and Final Offer
For negotiated procurements...
Injury Period
The time period during...
Principal
the owner(s) of the Applicant Entity that...

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