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.
Injury Period
The time period during...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Principal
the owner(s) of the Applicant Entity that...
Small Business
A business smaller than...
Affiliate
Business concerns are affiliates if one concern...
Comparative Analysis
Is designed to point out significant trends that...
Cash-basis Accounting
records revenue when cash is...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Depreciation
A non-cash operating expense that...
Best and Final Offer
For negotiated procurements...
Corporation (C-corp.)
The most common form of business org...
Request for Proposal (RFP)
A document outlining a...
Applicant Individual
aka who is requesting an SBA loan...
Sole Proprietor
an individual who...

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