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.
Request for Proposal (RFP)
A document outlining a...
Partnership
A type of unincorporated business org...
Days Payable
A measure of the average time a...
Normal Gross Margin
The margin that would have been...
Applicant/Co-Applicant
Business entity and person requesting...
Affiliate
Business concerns are affiliates if one concern...
Defense Contractor
Any person who enters into...
Operating Leases
are deducted on the company’s...
Limited Partnership
A business organization with one or...
Physical Loans
Funds to repair/replace dis...
Projection
An estimate of future economic or...
Phase 2
Process to be used to determine economic injury for...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Contracting Officer
A person with the authority to...

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