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.
Normal Annual Sales
Those sales that would have...
Affiliated Group
When two or more...
Income Statement
Shows the entity’s income and...
Lien
A legal claim against an...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Cash-basis Accounting
records revenue when cash is...
Days Payable
A measure of the average time a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Partnership
A type of unincorporated business org...
NAICS
NAICS codes are common...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Sole Proprietor
an individual who...
Contractor Team Arrangement
An arrangement in which...
Hardship Waiver
Method used to approve a...
Trend Analysis
A comparative analysis of...

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