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.
Partnership
A type of unincorporated business org...
Corporation (C-corp.)
The most common form of business org...
Subsidiary
A company for which a majority of the...
Certificate of Competency
A certificate issued by the Small Bus...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Disadvantaged Business Concern
A small business concern that...
Electronic Data Interchange
Transmission of information bet...
S-Corporation
A form of corporation, allowed by...
Guarantor
The legal entity and...
Assets
The amount of current assets that is left...
Defense Contractor
Any person who enters into...
B/E (Business EIDL) Loan
A business loan that...
Capital Leases
are for the purchase of fixed assets such as...
Full and Open Competition
With respect to a contract action...
Applicant Individual
aka who is requesting an SBA loan...

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