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.
Cash-basis Accounting
records revenue when cash is...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Subsidiary
A company for which a majority of the...
Certified 8(a) Firm
A firm owned and operated by socially and...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Normal Gross Margin
The margin that would have been...
Small Business
A business smaller than...
Contract
A mutually binding legal rel..
Applicant/Co-Applicant
Business entity and person requesting...
Physical Loans
Funds to repair/replace dis...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Affiliated Group
When two or more...

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