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.
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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...
Affiliates
Business concerns, organizations, or...
Contractor Team Arrangement
An arrangement in which...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Partnering
A mutually beneficial business-to-bus...
Depreciation
A non-cash operating expense that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Request for Proposal (RFP)
A document outlining a...
Certificate of Competency
A certificate issued by the Small Bus...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Affiliate
Business concerns are affiliates if one concern...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Business Activity
The business (or loss) activity of...
Income Statement
Shows the entity’s income and...
Extraordinary Items
Additional expenses that are...

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