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.
Electronic Data Interchange
Transmission of information bet...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Sole Proprietor
an individual who...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Normal Gross Margin
The margin that would have been...
Applicant Entity
The business entity requesting...
Acquisition
The acquiring of supplies or...
Intermediary Organization
Organizations that play a funda...
Applicant/Co-Applicant
Business entity and person requesting...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Small Disadvantaged Business Concern
A small business concern that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.