No, it does not appear to be a type of loan. When you have to pay sub-contractors, laborers, and purchase supplies/materials, such expenses are business expenses and you can deduct those expenses because you, and/or your business, paid for them. However, the fact that you did not get paid for the work that you personally did, is not a deductible expense as discussed in the previous posts.
Businesses are free to select whatever accounting method they feel is best suited for their business. In your last post, you found the IRS guidance on the various accounting methods, and that is a good place to start to understand what each accounting method entails. However, once a business selects a particular accounting method, i.e., cash, accrual, hybrid, the business must continue to use that accounting method. If a business wishes to change its accounting method, it must inform the IRS and seek the IRS' approval. The business needs to complete Form 3115, Application for Change in Method of Accounting.
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