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.
Cash-basis Accounting
records revenue when cash is...
Lien
A legal claim against an...
Depreciation
A non-cash operating expense that...
Small Disadvantaged Business Concern
A small business concern that...
Primary Activity
The major business activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Electronic Data Interchange
Transmission of information bet...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Sole Proprietor
an individual who...
Days Receivable
A measure of the average time a...
Cash Flow Test
Part of the CET that determines if...
Certified 8(a) Firm
A firm owned and operated by socially and...
Certificate of Competency
A certificate issued by the Small Bus...

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