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.
Acquisition
The acquiring of supplies or...
Comparative Analysis
Is designed to point out significant trends that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Contracting Officer
A person with the authority to...
Extraordinary Items
Additional expenses that are...
Affiliated Group
When two or more...
Applicant/Co-Applicant
Business entity and person requesting...
B/E (Business EIDL) Loan
A business loan that...
Applicant Entity
The business entity requesting...
Capital Leases
are for the purchase of fixed assets such as...
Credit Score Test
Part of the home loan CET show a...
Operating Leases
are deducted on the company’s...
Injury Analysis
Measures the effects of...
Negotiation
Contracting through the use of...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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