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.
Equity
An accounting term used to...
Projection
An estimate of future economic or...
Electronic Data Interchange
Transmission of information bet...
Contracting Officer
A person with the authority to...
Credit Elsewhere Test (CET)
The test to determine the...
Mentor
A business, usually large, or...
Liabilities
A financial obligation...
Small Disadvantaged Business Concern
A small business concern that...
Physical Loans
Funds to repair/replace dis...
Trend Analysis
A comparative analysis of...
Normal Annual Sales
Those sales that would have...
Contractor Team Arrangement
An arrangement in which...
S-Corporation
A form of corporation, allowed by...
Comparative Analysis
Is designed to point out significant trends that...
Emerging Small Business
A small business concern whose...

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