Cash-basis Accounting

records revenue when cash is received, and expenses when they are paid in cash

Updated on
September 9, 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.
Limited Partnership
A business organization with one or...
Normal Gross Margin
The margin that would have been...
Partnering
A mutually beneficial business-to-bus...
Assets
The amount of current assets that is left...
Contract
A mutually binding legal rel..
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Current Liabilities
A balance sheet item, which...
Guarantor
The legal entity and...
Corporation (C-corp.)
The most common form of business org...
Income Statement
Shows the entity’s income and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
SCORE
Counselors to America's Small Bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
GPM%
The measure of every sales dollar left...
Applicant/Co-Applicant
Business entity and person requesting...

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