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.
Affiliates
Business concerns, organizations, or...
Days Receivable
A measure of the average time a...
Operating Leases
are deducted on the company’s...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Sole Proprietor
an individual who...
Principal
the owner(s) of the Applicant Entity that...
Injury Period
The time period during...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Lien
A legal claim against an...
S-Corporation
A form of corporation, allowed by...
Contractor Team Arrangement
An arrangement in which...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Affiliated Group
When two or more...
Certificate of Competency
A certificate issued by the Small Bus...

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