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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Applicant Entity
The business entity requesting...
Substantial Damage
This means uninsured or otherwise uncompensated...
Partnership
A type of unincorporated business org...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Subcontract
A contract between a prime cont...
Contract
A mutually binding legal rel..
Acquisition
The acquiring of supplies or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Affiliate
Business concerns are affiliates if one concern...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Duplicated Interest
The amount of interest exp...
Electronic Data Interchange
Transmission of information bet...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
NAICS
NAICS codes are common...

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