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.
Standard Industrial Classification (SIC) Code
A code representing a category within...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Current Liabilities
A balance sheet item, which...
Joint Venture
In the SBA Mentor-Protégé Program...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Emerging Small Business
A small business concern whose...
Partnering
A mutually beneficial business-to-bus...
Small Business
A business smaller than...
Credit Elsewhere Test (CET)
The test to determine the...
Best and Final Offer
For negotiated procurements...
Partnership
A type of unincorporated business org...
SCORE
Counselors to America's Small Bus...
Small Disadvantaged Business Concern
A small business concern that...
Credit Score Test
Part of the home loan CET show a...

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