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.
Liabilities
A financial obligation...
Small Business
A business smaller than...
Applicant Entity
The business entity requesting...
Defense Contractor
Any person who enters into...
Certified 8(a) Firm
A firm owned and operated by socially and...
Projection
An estimate of future economic or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Cash-basis Accounting
records revenue when cash is...
Amortization
A non-cash operating expense that...
Prime Contract
A contract awarded directly...
B/E (Business EIDL) Loan
A business loan that...
Phase 1
Process used to determine the...
Depreciation
A non-cash operating expense that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Extraordinary Items
Additional expenses that are...

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