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.
Negotiation
Contracting through the use of...
Current Assets
A balance sheet item which equals...
Substantial Damage
This means uninsured or otherwise uncompensated...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Operating Leases
are deducted on the company’s...
Amortization
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
B/E (Business EIDL) Loan
A business loan that...
Joint Venture
In the SBA Mentor-Protégé Program...
Fair and Reasonable Price
A price that is fair to both parties...
SCORE
Counselors to America's Small Bus...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Hardship Waiver
Method used to approve a...
Phase 2
Process to be used to determine economic injury for...

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