Days Receivable

A measure of the average time a company's customers take to pay for purchases, equal to accounts receivable divided by annual sales on credit times 365.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Acquisition
The acquiring of supplies or...
NAICS
NAICS codes are common...
Income Statement
Shows the entity’s income and...
Contract
A mutually binding legal rel..
Capital Leases
are for the purchase of fixed assets such as...
Current Assets
A balance sheet item which equals...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Credit Elsewhere Test (CET)
The test to determine the...
Comparative Analysis
Is designed to point out significant trends that...
Cash Flow Test
Part of the CET that determines if...
Liabilities
A financial obligation...
Best and Final Offer
For negotiated procurements...
Request for Proposal (RFP)
A document outlining a...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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