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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Contracting
Purchasing, renting, leasing, or...
Business Activity
The business (or loss) activity of...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Prime Contract
A contract awarded directly...
Intermediary Organization
Organizations that play a funda...
Comparative Analysis
Is designed to point out significant trends that...
Best and Final Offer
For negotiated procurements...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Phase 1
Process used to determine the...
Limited Partnership
A business organization with one or...
Physical Loans
Funds to repair/replace dis...
Contractor Team Arrangement
An arrangement in which...
SCORE
Counselors to America's Small Bus...
Small Disadvantaged Business Concern
A small business concern that...

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