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.
Applicant Entity
The business entity requesting...
Negotiation
Contracting through the use of...
Working Capital (WC)
The amount of current assets that...
Injury Analysis
Measures the effects of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Companion File
When an applicant has another application filed...
Best and Final Offer
For negotiated procurements...
Projection
An estimate of future economic or...
NAICS
NAICS codes are common...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Trend Analysis
A comparative analysis of...
Affiliated Group
When two or more...
Current Assets
A balance sheet item which equals...

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