Glossary
SBA Terms

Primary Activity

The major business activity of the single legal entity or affiliated group, which is their predominant field of operation. (Commonly known as the Main Activity)

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.
Corporation (C-corp.)
The most common form of business org...
Lien
A legal claim against an...
Projection
An estimate of future economic or...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Days Payable
A measure of the average time a...
Best and Final Offer
For negotiated procurements...
Phase 1
Process used to determine the...
Partnership
A type of unincorporated business org...
Contract
A mutually binding legal rel..
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Contracting Officer
A person with the authority to...
Mentor
A business, usually large, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
SCORE
Counselors to America's Small Bus...

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