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.
Credit Score Test
Part of the home loan CET show a...
Intermediary Organization
Organizations that play a funda...
Trend Analysis
A comparative analysis of...
Affiliated Group
When two or more...
Hardship Waiver
Method used to approve a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Mentor
A business, usually large, or...
Normal Gross Margin
The margin that would have been...
Capital Leases
are for the purchase of fixed assets such as...
Phase 2
Process to be used to determine economic injury for...
Amortization
A non-cash operating expense that...
Acquisition
The acquiring of supplies or...
Projection
An estimate of future economic or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Liabilities
A financial obligation...

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