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.
Emerging Small Business
A small business concern whose...
Applicant Individual
aka who is requesting an SBA loan...
Phase 1
Process used to determine the...
Current Assets
A balance sheet item which equals...
Lien
A legal claim against an...
Cash-basis Accounting
records revenue when cash is...
Applicant Entity
The business entity requesting...
Companion File
When an applicant has another application filed...
S-Corporation
A form of corporation, allowed by...
Affiliated Group
When two or more...
Limited Partnership
A business organization with one or...
Fair and Reasonable Price
A price that is fair to both parties...
Capital Leases
are for the purchase of fixed assets such as...
Break-even Analysis
A calculation of the approximate sales...
Partnership
A type of unincorporated business org...

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