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.
Acquisition
The acquiring of supplies or...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Electronic Data Interchange
Transmission of information bet...
Injury Analysis
Measures the effects of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Substantial Damage
This means uninsured or otherwise uncompensated...
Equity
An accounting term used to...
B/E (Business EIDL) Loan
A business loan that...
Cash-basis Accounting
records revenue when cash is...
GPM%
The measure of every sales dollar left...
Collateral
Assets pledged by a borrower to secure a loan...
Fair and Reasonable Price
A price that is fair to both parties...
Partnering
A mutually beneficial business-to-bus...

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