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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Limited Partnership
A business organization with one or...
Affiliates
Business concerns, organizations, or...
Applicant Entity
The business entity requesting...
Depreciation
A non-cash operating expense that...
Days Receivable
A measure of the average time a...
Assets
The amount of current assets that is left...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Protégé
A firm in a developmental stage that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Applicant Individual
aka who is requesting an SBA loan...
Adjusted Net Worth
Post disaster fair market value of tangible...
Extraordinary Items
Additional expenses that are...
Fair and Reasonable Price
A price that is fair to both parties...
Full and Open Competition
With respect to a contract action...
Substantial Damage
This means uninsured or otherwise uncompensated...

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