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.
Prime Contract
A contract awarded directly...
Days Payable
A measure of the average time a...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Income Statement
Shows the entity’s income and...
Applicant Entity
The business entity requesting...
Contracting
Purchasing, renting, leasing, or...
Break-even Analysis
A calculation of the approximate sales...
Phase 1
Process used to determine the...
Defense Contractor
Any person who enters into...
Protégé
A firm in a developmental stage that...
Trend Analysis
A comparative analysis of...
Acquisition
The acquiring of supplies or...
Days Receivable
A measure of the average time a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Assets
The amount of current assets that is left...

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