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.
Phase 2
Process to be used to determine economic injury for...
Limited Partnership
A business organization with one or...
Cash Flow Test
Part of the CET that determines if...
Equity
An accounting term used to...
Cash-basis Accounting
records revenue when cash is...
Days Receivable
A measure of the average time a...
S-Corporation
A form of corporation, allowed by...
Income Statement
Shows the entity’s income and...
Principal
the owner(s) of the Applicant Entity that...
Amortization
A non-cash operating expense that...
Working Capital (WC)
The amount of current assets that...
Electronic Data Interchange
Transmission of information bet...
GPM%
The measure of every sales dollar left...
Business Activity
The business (or loss) activity of...
Assets
The amount of current assets that is left...

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