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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Normal Gross Margin
The margin that would have been...
Physical Loans
Funds to repair/replace dis...
NAICS
NAICS codes are common...
Credit Score Test
Part of the home loan CET show a...
Affiliate
Business concerns are affiliates if one concern...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Full and Open Competition
With respect to a contract action...
Applicant/Co-Applicant
Business entity and person requesting...
Sole Proprietor
an individual who...
B/E (Business EIDL) Loan
A business loan that...
Comparative Analysis
Is designed to point out significant trends that...
Partnership
A type of unincorporated business org...
Protégé
A firm in a developmental stage that...
Contractor Team Arrangement
An arrangement in which...

Get the quick rundown on SBA Loans

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