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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Capital Leases
are for the purchase of fixed assets such as...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Hardship Waiver
Method used to approve a...
Liabilities
A financial obligation...
Partnership
A type of unincorporated business org...
Extraordinary Items
Additional expenses that are...
Assets
The amount of current assets that is left...
Sole Proprietor
an individual who...
Income Statement
Shows the entity’s income and...
Joint Venture
In the SBA Mentor-Protégé Program...
SCORE
Counselors to America's Small Bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Collateral
Assets pledged by a borrower to secure a loan...

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