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.
Full and Open Competition
With respect to a contract action...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Income Statement
Shows the entity’s income and...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Partnership
A type of unincorporated business org...
Depreciation
A non-cash operating expense that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Collateral
Assets pledged by a borrower to secure a loan...
Subcontract
A contract between a prime cont...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
GPM%
The measure of every sales dollar left...
Contractor Team Arrangement
An arrangement in which...
Request for Proposal (RFP)
A document outlining a...
Physical Loans
Funds to repair/replace dis...
Applicant Entity
The business entity requesting...

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