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.
Contractor Team Arrangement
An arrangement in which...
Current Assets
A balance sheet item which equals...
Capital Leases
are for the purchase of fixed assets such as...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Amortization
A non-cash operating expense that...
Adjusted Net Worth
Post disaster fair market value of tangible...
Full and Open Competition
With respect to a contract action...
Cash Flow Test
Part of the CET that determines if...
Limited Partnership
A business organization with one or...
Cash-basis Accounting
records revenue when cash is...
Applicant/Co-Applicant
Business entity and person requesting...
Normal Annual Sales
Those sales that would have...
Equity
An accounting term used to...
Phase 1
Process used to determine the...
Days Payable
A measure of the average time a...

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