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.
Break-even Analysis
A calculation of the approximate sales...
Extraordinary Items
Additional expenses that are...
Joint Venture
In the SBA Mentor-Protégé Program...
Business Activity
The business (or loss) activity of...
Small Disadvantaged Business Concern
A small business concern that...
Trend Analysis
A comparative analysis of...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Prime Contract
A contract awarded directly...
Certificate of Competency
A certificate issued by the Small Bus...
Contractor Team Arrangement
An arrangement in which...
B/E (Business EIDL) Loan
A business loan that...
Current Assets
A balance sheet item which equals...
Mentor
A business, usually large, or...
Full and Open Competition
With respect to a contract action...
Cash-basis Accounting
records revenue when cash is...

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