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.
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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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Prime Contract
A contract awarded directly...
Applicant/Co-Applicant
Business entity and person requesting...
GPM%
The measure of every sales dollar left...
Best and Final Offer
For negotiated procurements...
Defense Contractor
Any person who enters into...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Joint Venture
In the SBA Mentor-Protégé Program...
Corporation (C-corp.)
The most common form of business org...
Certificate of Competency
A certificate issued by the Small Bus...
Injury Analysis
Measures the effects of...
Physical Loans
Funds to repair/replace dis...
Operating Leases
are deducted on the company’s...
Equity
An accounting term used to...
Companion File
When an applicant has another application filed...

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