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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Operating Leases
are deducted on the company’s...
Injury Period
The time period during...
Mentor
A business, usually large, or...
Request for Proposal (RFP)
A document outlining a...
Affiliates
Business concerns, organizations, or...
Cash-basis Accounting
records revenue when cash is...
Primary Activity
The major business activity of...
Comparative Analysis
Is designed to point out significant trends that...
Subsidiary
A company for which a majority of the...
GPM%
The measure of every sales dollar left...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Business Activity
The business (or loss) activity of...
Guarantor
The legal entity and...

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