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.
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Certificate of Competency
A certificate issued by the Small Bus...
Physical Loans
Funds to repair/replace dis...
Operating Leases
are deducted on the company’s...
Prime Contract
A contract awarded directly...
Days Receivable
A measure of the average time a...
Phase 2
Process to be used to determine economic injury for...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Liabilities
A financial obligation...
NAICS
NAICS codes are common...
Normal Gross Margin
The margin that would have been...
Assets
The amount of current assets that is left...
Adjusted Net Worth
Post disaster fair market value of tangible...
B/E (Business EIDL) Loan
A business loan that...

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