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.
Contracting Officer
A person with the authority to...
Cash Flow Test
Part of the CET that determines if...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Business
A business smaller than...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Mentor
A business, usually large, or...
Defense Contractor
Any person who enters into...
Full and Open Competition
With respect to a contract action...
Applicant Individual
aka who is requesting an SBA loan...
B/E (Business EIDL) Loan
A business loan that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Injury Analysis
Measures the effects of...
S-Corporation
A form of corporation, allowed by...
Comparative Analysis
Is designed to point out significant trends that...

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