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.
Best and Final Offer
For negotiated procurements...
Certified 8(a) Firm
A firm owned and operated by socially and...
Phase 1
Process used to determine the...
Credit Elsewhere Test (CET)
The test to determine the...
Operating Leases
are deducted on the company’s...
Current Liabilities
A balance sheet item, which...
B/E (Business EIDL) Loan
A business loan that...
Subcontract
A contract between a prime cont...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
S-Corporation
A form of corporation, allowed by...
NAICS
NAICS codes are common...
Contracting
Purchasing, renting, leasing, or...
Principal
the owner(s) of the Applicant Entity that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Projection
An estimate of future economic or...

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