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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Projection
An estimate of future economic or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Subsidiary
A company for which a majority of the...
Liabilities
A financial obligation...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Adjusted Net Worth
Post disaster fair market value of tangible...
GPM%
The measure of every sales dollar left...
Affiliate
Business concerns are affiliates if one concern...
Cash-basis Accounting
records revenue when cash is...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Companion File
When an applicant has another application filed...
Working Capital (WC)
The amount of current assets that...
Primary Activity
The major business activity of...
B/E (Business EIDL) Loan
A business loan that...

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