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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Joint Venture
In the SBA Mentor-Protégé Program...
Normal Annual Sales
Those sales that would have...
Primary Activity
The major business activity of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Lien
A legal claim against an...
Normal Gross Margin
The margin that would have been...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Best and Final Offer
For negotiated procurements...
Liabilities
A financial obligation...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Days Receivable
A measure of the average time a...
Extraordinary Items
Additional expenses that are...
Applicant/Co-Applicant
Business entity and person requesting...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Subsidiary
A company for which a majority of the...

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