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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Current Assets
A balance sheet item which equals...
Affiliate
Business concerns are affiliates if one concern...
Cash Flow Test
Part of the CET that determines if...
Protégé
A firm in a developmental stage that...
GPM%
The measure of every sales dollar left...
Primary Activity
The major business activity of...
Small Business
A business smaller than...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
B/E (Business EIDL) Loan
A business loan that...
Subcontract
A contract between a prime cont...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Physical Loans
Funds to repair/replace dis...
SCORE
Counselors to America's Small Bus...
Capital Leases
are for the purchase of fixed assets such as...

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