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.
Current Liabilities
A balance sheet item, which...
Contracting
Purchasing, renting, leasing, or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Primary Activity
The major business activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Defense Contractor
Any person who enters into...
Phase 2
Process to be used to determine economic injury for...
Affiliated Group
When two or more...
Companion File
When an applicant has another application filed...
S-Corporation
A form of corporation, allowed by...
Small Business
A business smaller than...
Lien
A legal claim against an...
Break-even Analysis
A calculation of the approximate sales...
Business Activity
The business (or loss) activity of...
Contract
A mutually binding legal rel..

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