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.
Applicant Entity
The business entity requesting...
Business Activity
The business (or loss) activity of...
Trend Analysis
A comparative analysis of...
Certified 8(a) Firm
A firm owned and operated by socially and...
Normal Gross Margin
The margin that would have been...
Depreciation
A non-cash operating expense that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Break-even Analysis
A calculation of the approximate sales...
Companion File
When an applicant has another application filed...
Fair and Reasonable Price
A price that is fair to both parties...
Primary Activity
The major business activity of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Contracting Officer
A person with the authority to...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Amortization
A non-cash operating expense that...

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