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.
Contract
A mutually binding legal rel..
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Sole Proprietor
an individual who...
Joint Venture
In the SBA Mentor-Protégé Program...
Normal Annual Sales
Those sales that would have...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Applicant Individual
aka who is requesting an SBA loan...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Amortization
A non-cash operating expense that...
Capital Leases
are for the purchase of fixed assets such as...
GPM%
The measure of every sales dollar left...
Normal Gross Margin
The margin that would have been...

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