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.
Subcontract
A contract between a prime cont...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Injury Analysis
Measures the effects of...
Contract
A mutually binding legal rel..
Partnership
A type of unincorporated business org...
Primary Activity
The major business activity of...
Liabilities
A financial obligation...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Cash-basis Accounting
records revenue when cash is...
Days Payable
A measure of the average time a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Intermediary Organization
Organizations that play a funda...
GPM%
The measure of every sales dollar left...
Affiliated Group
When two or more...
B/E (Business EIDL) Loan
A business loan that...

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