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.
Phase 1
Process used to determine the...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Comparative Analysis
Is designed to point out significant trends that...
Small Business
A business smaller than...
Contracting
Purchasing, renting, leasing, or...
Equity
An accounting term used to...
Defense Contractor
Any person who enters into...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Best and Final Offer
For negotiated procurements...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Amortization
A non-cash operating expense that...
Hardship Waiver
Method used to approve a...
Subcontract
A contract between a prime cont...
Trend Analysis
A comparative analysis of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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