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.
Affiliates
Business concerns, organizations, or...
Phase 2
Process to be used to determine economic injury for...
Cash Flow Test
Part of the CET that determines if...
Principal
the owner(s) of the Applicant Entity that...
Applicant Individual
aka who is requesting an SBA loan...
Certified 8(a) Firm
A firm owned and operated by socially and...
Best and Final Offer
For negotiated procurements...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Applicant/Co-Applicant
Business entity and person requesting...
Extraordinary Items
Additional expenses that are...
Small Disadvantaged Business Concern
A small business concern that...
Break-even Analysis
A calculation of the approximate sales...
Prime Contract
A contract awarded directly...
Guarantor
The legal entity and...
Intermediary Organization
Organizations that play a funda...

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