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.
Fair and Reasonable Price
A price that is fair to both parties...
Partnership
A type of unincorporated business org...
Certificate of Competency
A certificate issued by the Small Bus...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Depreciation
A non-cash operating expense that...
Companion File
When an applicant has another application filed...
Affiliated Group
When two or more...
Emerging Small Business
A small business concern whose...
Sole Proprietor
an individual who...
Subsidiary
A company for which a majority of the...
B/E (Business EIDL) Loan
A business loan that...
Operating Leases
are deducted on the company’s...
Capital Leases
are for the purchase of fixed assets such as...
NAICS
NAICS codes are common...
Contracting
Purchasing, renting, leasing, or...

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