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.
Mentor
A business, usually large, or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Operating Leases
are deducted on the company’s...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Business
A business smaller than...
Subcontract
A contract between a prime cont...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Cash-basis Accounting
records revenue when cash is...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Small Disadvantaged Business Concern
A small business concern that...
GPM%
The measure of every sales dollar left...
Full and Open Competition
With respect to a contract action...
Phase 2
Process to be used to determine economic injury for...
Credit Elsewhere Test (CET)
The test to determine the...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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