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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Protégé
A firm in a developmental stage that...
GPM%
The measure of every sales dollar left...
Cash-basis Accounting
records revenue when cash is...
Best and Final Offer
For negotiated procurements...
Contract
A mutually binding legal rel..
Intermediary Organization
Organizations that play a funda...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Companion File
When an applicant has another application filed...
Comparative Analysis
Is designed to point out significant trends that...
Small Business
A business smaller than...
Assets
The amount of current assets that is left...
Contractor Team Arrangement
An arrangement in which...
Business Activity
The business (or loss) activity of...
Joint Venture
In the SBA Mentor-Protégé Program...

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