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.
Cash Flow Test
Part of the CET that determines if...
SCORE
Counselors to America's Small Bus...
Injury Period
The time period during...
Acquisition
The acquiring of supplies or...
Physical Loans
Funds to repair/replace dis...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Guarantor
The legal entity and...
Partnering
A mutually beneficial business-to-bus...
Contracting Officer
A person with the authority to...
Injury Analysis
Measures the effects of...
Hardship Waiver
Method used to approve a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Capital Leases
are for the purchase of fixed assets such as...
Comparative Analysis
Is designed to point out significant trends that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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