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.
Contractor Team Arrangement
An arrangement in which...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Partnership
A type of unincorporated business org...
GPM%
The measure of every sales dollar left...
Liabilities
A financial obligation...
Adjusted Net Worth
Post disaster fair market value of tangible...
Comparative Analysis
Is designed to point out significant trends that...
Joint Venture
In the SBA Mentor-Protégé Program...
Working Capital (WC)
The amount of current assets that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Applicant Entity
The business entity requesting...
Affiliated Group
When two or more...
Certificate of Competency
A certificate issued by the Small Bus...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...

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