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.
Certificate of Competency
A certificate issued by the Small Bus...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Contract
A mutually binding legal rel..
Trend Analysis
A comparative analysis of...
Partnering
A mutually beneficial business-to-bus...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Applicant Individual
aka who is requesting an SBA loan...
S-Corporation
A form of corporation, allowed by...
B/E (Business EIDL) Loan
A business loan that...
Affiliated Group
When two or more...
Physical Loans
Funds to repair/replace dis...
Guarantor
The legal entity and...
Subsidiary
A company for which a majority of the...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.