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.
Contracting Officer
A person with the authority to...
Guarantor
The legal entity and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Cash-basis Accounting
records revenue when cash is...
Affiliates
Business concerns, organizations, or...
Business Activity
The business (or loss) activity of...
Phase 1
Process used to determine the...
B/E (Business EIDL) Loan
A business loan that...
Mentor
A business, usually large, or...
S-Corporation
A form of corporation, allowed by...
Days Receivable
A measure of the average time a...
Partnering
A mutually beneficial business-to-bus...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Intermediary Organization
Organizations that play a funda...
Days Payable
A measure of the average time a...

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