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
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.
Primary Activity
The major business activity of...
Applicant Entity
The business entity requesting...
Fair and Reasonable Price
A price that is fair to both parties...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Joint Venture
In the SBA Mentor-Protégé Program...
Request for Proposal (RFP)
A document outlining a...
Duplicated Interest
The amount of interest exp...
Extraordinary Items
Additional expenses that are...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Partnership
A type of unincorporated business org...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Hardship Waiver
Method used to approve a...
Contracting
Purchasing, renting, leasing, or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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