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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Subcontract
A contract between a prime cont...
GPM%
The measure of every sales dollar left...
Trend Analysis
A comparative analysis of...
Fair and Reasonable Price
A price that is fair to both parties...
Partnering
A mutually beneficial business-to-bus...
Current Liabilities
A balance sheet item, which...
Corporation (C-corp.)
The most common form of business org...
Normal Annual Sales
Those sales that would have...
Request for Proposal (RFP)
A document outlining a...
Liabilities
A financial obligation...
Injury Period
The time period during...
Primary Activity
The major business activity of...
Normal Gross Margin
The margin that would have been...

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