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.
Small Business
A business smaller than...
Depreciation
A non-cash operating expense that...
Operating Leases
are deducted on the company’s...
Protégé
A firm in a developmental stage that...
Negotiation
Contracting through the use of...
Emerging Small Business
A small business concern whose...
Affiliated Group
When two or more...
Business Activity
The business (or loss) activity of...
Credit Elsewhere Test (CET)
The test to determine the...
Credit Score Test
Part of the home loan CET show a...
Normal Annual Sales
Those sales that would have...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Request for Proposal (RFP)
A document outlining a...
Equity
An accounting term used to...
Subsidiary
A company for which a majority of the...

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