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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Projection
An estimate of future economic or...
Normal Gross Margin
The margin that would have been...
SCORE
Counselors to America's Small Bus...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Collateral
Assets pledged by a borrower to secure a loan...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Substantial Damage
This means uninsured or otherwise uncompensated...
Partnership
A type of unincorporated business org...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Limited Partnership
A business organization with one or...
Certificate of Competency
A certificate issued by the Small Bus...
Subcontract
A contract between a prime cont...
Companion File
When an applicant has another application filed...
Corporation (C-corp.)
The most common form of business org...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.