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.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Limited Partnership
A business organization with one or...
Projection
An estimate of future economic or...
Emerging Small Business
A small business concern whose...
Extraordinary Items
Additional expenses that are...
Subcontract
A contract between a prime cont...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Current Liabilities
A balance sheet item, which...
Phase 1
Process used to determine the...
Normal Annual Sales
Those sales that would have...
Electronic Data Interchange
Transmission of information bet...
Depreciation
A non-cash operating expense that...
Prime Contract
A contract awarded directly...
Affiliated Group
When two or more...
Assets
The amount of current assets that is left...
Contractor Team Arrangement
An arrangement in which...

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