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.
Certificate of Competency
A certificate issued by the Small Bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Applicant/Co-Applicant
Business entity and person requesting...
Affiliated Group
When two or more...
Limited Partnership
A business organization with one or...
Break-even Analysis
A calculation of the approximate sales...
Liabilities
A financial obligation...
Electronic Data Interchange
Transmission of information bet...
Subsidiary
A company for which a majority of the...
Emerging Small Business
A small business concern whose...
Sole Proprietor
an individual who...
Contract
A mutually binding legal rel..
Contracting
Purchasing, renting, leasing, or...
Intermediary Organization
Organizations that play a funda...
Companion File
When an applicant has another application filed...

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SBA Express LoansStandard 7a Loans7a Small LoansExport Express Loans
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