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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
S-Corporation
A form of corporation, allowed by...
Joint Venture
In the SBA Mentor-Protégé Program...
Applicant Entity
The business entity requesting...
Primary Activity
The major business activity of...
Depreciation
A non-cash operating expense that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Substantial Damage
This means uninsured or otherwise uncompensated...
Defense Contractor
Any person who enters into...
Current Liabilities
A balance sheet item, which...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Disadvantaged Business Concern
A small business concern that...
Small Business
A business smaller than...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Corporation (C-corp.)
The most common form of business org...

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