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.
Equity
An accounting term used to...
Current Liabilities
A balance sheet item, which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Phase 1
Process used to determine the...
Affiliated Group
When two or more...
Substantial Damage
This means uninsured or otherwise uncompensated...
Defense Contractor
Any person who enters into...
Hardship Waiver
Method used to approve a...
Lien
A legal claim against an...
Electronic Data Interchange
Transmission of information bet...
Business Activity
The business (or loss) activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Intermediary Organization
Organizations that play a funda...
Trend Analysis
A comparative analysis of...

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