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.
Small Disadvantaged Business Concern
A small business concern that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Duplicated Interest
The amount of interest exp...
Cash-basis Accounting
records revenue when cash is...
Credit Score Test
Part of the home loan CET show a...
Assets
The amount of current assets that is left...
Affiliated Group
When two or more...
Projection
An estimate of future economic or...
Hardship Waiver
Method used to approve a...
Protégé
A firm in a developmental stage that...
Extraordinary Items
Additional expenses that are...
Small Business
A business smaller than...
Depreciation
A non-cash operating expense that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Prime Contract
A contract awarded directly...

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