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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contracting Officer
A person with the authority to...
Affiliates
Business concerns, organizations, or...
Credit Score Test
Part of the home loan CET show a...
Best and Final Offer
For negotiated procurements...
Equity
An accounting term used to...
Days Receivable
A measure of the average time a...
Joint Venture
In the SBA Mentor-Protégé Program...
Defense Contractor
Any person who enters into...
Principal
the owner(s) of the Applicant Entity that...
Prime Contract
A contract awarded directly...
Depreciation
A non-cash operating expense that...

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