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.
Collateral
Assets pledged by a borrower to secure a loan...
Phase 1
Process used to determine the...
Negotiation
Contracting through the use of...
Joint Venture
In the SBA Mentor-Protégé Program...
Equity
An accounting term used to...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Subcontract
A contract between a prime cont...
Current Liabilities
A balance sheet item, which...
Break-even Analysis
A calculation of the approximate sales...
Principal
the owner(s) of the Applicant Entity that...
Income Statement
Shows the entity’s income and...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Physical Loans
Funds to repair/replace dis...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Hardship Waiver
Method used to approve a...

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