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.
Credit Elsewhere Test (CET)
The test to determine the...
Substantial Damage
This means uninsured or otherwise uncompensated...
Contracting
Purchasing, renting, leasing, or...
NAICS
NAICS codes are common...
Acquisition
The acquiring of supplies or...
Contracting Officer
A person with the authority to...
Injury Analysis
Measures the effects of...
Operating Leases
are deducted on the company’s...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Applicant Individual
aka who is requesting an SBA loan...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Hardship Waiver
Method used to approve a...
Extraordinary Items
Additional expenses that are...
Limited Partnership
A business organization with one or...
Current Assets
A balance sheet item which equals...

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