Glossary
SBA Terms

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
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Defense Contractor
Any person who enters into...
Limited Partnership
A business organization with one or...
Small Business
A business smaller than...
Subsidiary
A company for which a majority of the...
Injury Period
The time period during...
Companion File
When an applicant has another application filed...
Certificate of Competency
A certificate issued by the Small Bus...
Current Liabilities
A balance sheet item, which...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Protégé
A firm in a developmental stage that...
Projection
An estimate of future economic or...
Amortization
A non-cash operating expense that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Standard Industrial Classification (SIC) Code
A code representing a category within...
NAICS
NAICS codes are common...

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