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.
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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.
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Fair and Reasonable Price
A price that is fair to both parties...
Depreciation
A non-cash operating expense that...
Partnership
A type of unincorporated business org...
Current Assets
A balance sheet item which equals...
Small Business
A business smaller than...
Best and Final Offer
For negotiated procurements...
Applicant Individual
aka who is requesting an SBA loan...
Liabilities
A financial obligation...
Defense Contractor
Any person who enters into...
Hardship Waiver
Method used to approve a...
Days Receivable
A measure of the average time a...
Business Activity
The business (or loss) activity of...
Protégé
A firm in a developmental stage that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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