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.
Collateral
Assets pledged by a borrower to secure a loan...
Affiliated Group
When two or more...
Affiliates
Business concerns, organizations, or...
S-Corporation
A form of corporation, allowed by...
Injury Analysis
Measures the effects of...
Protégé
A firm in a developmental stage that...
Income Statement
Shows the entity’s income and...
Contractor Team Arrangement
An arrangement in which...
Corporation (C-corp.)
The most common form of business org...
Working Capital (WC)
The amount of current assets that...
Contract
A mutually binding legal rel..
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Trend Analysis
A comparative analysis of...
Operating Leases
are deducted on the company’s...
Break-even Analysis
A calculation of the approximate sales...

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