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.
Applicant Individual
aka who is requesting an SBA loan...
Electronic Data Interchange
Transmission of information bet...
Contractor Team Arrangement
An arrangement in which...
Working Capital (WC)
The amount of current assets that...
Operating Leases
are deducted on the company’s...
Projection
An estimate of future economic or...
Credit Elsewhere Test (CET)
The test to determine the...
Physical Loans
Funds to repair/replace dis...
Applicant Entity
The business entity requesting...
Equity
An accounting term used to...
Emerging Small Business
A small business concern whose...
Income Statement
Shows the entity’s income and...
Depreciation
A non-cash operating expense that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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