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.
Extraordinary Items
Additional expenses that are...
Injury Period
The time period during...
Fair and Reasonable Price
A price that is fair to both parties...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Liabilities
A financial obligation...
Sole Proprietor
an individual who...
Applicant Entity
The business entity requesting...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Operating Leases
are deducted on the company’s...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant Individual
aka who is requesting an SBA loan...
Standard Industrial Classification (SIC) Code
A code representing a category within...

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