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.
Current Assets
A balance sheet item which equals...
GPM%
The measure of every sales dollar left...
Applicant/Co-Applicant
Business entity and person requesting...
Operating Leases
are deducted on the company’s...
Comparative Analysis
Is designed to point out significant trends that...
Small Disadvantaged Business Concern
A small business concern that...
Contractor Team Arrangement
An arrangement in which...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Phase 1
Process used to determine the...
Affiliate
Business concerns are affiliates if one concern...
Substantial Damage
This means uninsured or otherwise uncompensated...
Projection
An estimate of future economic or...
Trend Analysis
A comparative analysis of...
Working Capital (WC)
The amount of current assets that...
Days Payable
A measure of the average time a...

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