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.
B/E (Business EIDL) Loan
A business loan that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Injury Period
The time period during...
Electronic Data Interchange
Transmission of information bet...
Working Capital (WC)
The amount of current assets that...
Certified 8(a) Firm
A firm owned and operated by socially and...
Business Activity
The business (or loss) activity of...
Current Assets
A balance sheet item which equals...
Request for Proposal (RFP)
A document outlining a...
Collateral
Assets pledged by a borrower to secure a loan...
Capital Leases
are for the purchase of fixed assets such as...
Contract
A mutually binding legal rel..
Subsidiary
A company for which a majority of the...
Duplicated Interest
The amount of interest exp...
Affiliated Group
When two or more...

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