Days Payable

A measure of the average time a company takes to pay vendors, equal to accounts payable divided by annual credit purchases times 365.

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.
Hardship Waiver
Method used to approve a...
Injury Period
The time period during...
Credit Elsewhere Test (CET)
The test to determine the...
NAICS
NAICS codes are common...
Collateral
Assets pledged by a borrower to secure a loan...
Adjusted Net Worth
Post disaster fair market value of tangible...
Operating Leases
are deducted on the company’s...
Days Receivable
A measure of the average time a...
Lien
A legal claim against an...
Injury Analysis
Measures the effects of...
Partnering
A mutually beneficial business-to-bus...
Working Capital (WC)
The amount of current assets that...
Defense Contractor
Any person who enters into...
Affiliate
Business concerns are affiliates if one concern...
Principal
the owner(s) of the Applicant Entity that...

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