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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Liabilities
A financial obligation...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Corporation (C-corp.)
The most common form of business org...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Projection
An estimate of future economic or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Hardship Waiver
Method used to approve a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Adjusted Net Worth
Post disaster fair market value of tangible...
Negotiation
Contracting through the use of...
Contracting Officer
A person with the authority to...

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