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.
Current Liabilities
A balance sheet item, which...
Companion File
When an applicant has another application filed...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Negotiation
Contracting through the use of...
Comparative Analysis
Is designed to point out significant trends that...
Phase 2
Process to be used to determine economic injury for...
Projection
An estimate of future economic or...
Defense Contractor
Any person who enters into...
Credit Elsewhere Test (CET)
The test to determine the...
Intermediary Organization
Organizations that play a funda...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Capital Leases
are for the purchase of fixed assets such as...
Acquisition
The acquiring of supplies or...
Affiliate
Business concerns are affiliates if one concern...
Normal Annual Sales
Those sales that would have...

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