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.
Injury Period
The time period during...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Applicant Individual
aka who is requesting an SBA loan...
Affiliates
Business concerns, organizations, or...
Working Capital (WC)
The amount of current assets that...
Small Business
A business smaller than...
Affiliate
Business concerns are affiliates if one concern...
Depreciation
A non-cash operating expense that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Corporation (C-corp.)
The most common form of business org...
Intermediary Organization
Organizations that play a funda...
Contractor Team Arrangement
An arrangement in which...
Partnering
A mutually beneficial business-to-bus...

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