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.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Assets
The amount of current assets that is left...
Affiliates
Business concerns, organizations, or...
Sole Proprietor
an individual who...
Fair and Reasonable Price
A price that is fair to both parties...
Current Liabilities
A balance sheet item, which...
Normal Annual Sales
Those sales that would have...
Acquisition
The acquiring of supplies or...
Partnership
A type of unincorporated business org...
Physical Loans
Funds to repair/replace dis...
Business Activity
The business (or loss) activity of...
Cash Flow Test
Part of the CET that determines if...
Credit Elsewhere Test (CET)
The test to determine the...
Contracting
Purchasing, renting, leasing, or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Applicant Entity
The business entity requesting...

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