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.
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SBA Microloans

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

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Defense Contractor
Any person who enters into...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Credit Elsewhere Test (CET)
The test to determine the...
Protégé
A firm in a developmental stage that...
Corporation (C-corp.)
The most common form of business org...
Extraordinary Items
Additional expenses that are...
Companion File
When an applicant has another application filed...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Comparative Analysis
Is designed to point out significant trends that...
Depreciation
A non-cash operating expense that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant Entity
The business entity requesting...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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