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.
Emerging Small Business
A small business concern whose...
Hardship Waiver
Method used to approve a...
Affiliates
Business concerns, organizations, or...
Certificate of Competency
A certificate issued by the Small Bus...
Normal Gross Margin
The margin that would have been...
Sole Proprietor
an individual who...
Collateral
Assets pledged by a borrower to secure a loan...
Companion File
When an applicant has another application filed...
Affiliate
Business concerns are affiliates if one concern...
Current Assets
A balance sheet item which equals...
Applicant Individual
aka who is requesting an SBA loan...
Electronic Data Interchange
Transmission of information bet...
Subsidiary
A company for which a majority of the...
Partnership
A type of unincorporated business org...
B/E (Business EIDL) Loan
A business loan that...

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