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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Duplicated Interest
The amount of interest exp...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
B/E (Business EIDL) Loan
A business loan that...
Intermediary Organization
Organizations that play a funda...
Normal Gross Margin
The margin that would have been...
Lien
A legal claim against an...
Credit Elsewhere Test (CET)
The test to determine the...
Operating Leases
are deducted on the company’s...
Physical Loans
Funds to repair/replace dis...
Applicant/Co-Applicant
Business entity and person requesting...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Phase 2
Process to be used to determine economic injury for...
Sole Proprietor
an individual who...

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