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.
Negotiation
Contracting through the use of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Subcontract
A contract between a prime cont...
Partnership
A type of unincorporated business org...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Certificate of Competency
A certificate issued by the Small Bus...
Request for Proposal (RFP)
A document outlining a...
Current Assets
A balance sheet item which equals...
Cash Flow Test
Part of the CET that determines if...
Joint Venture
In the SBA Mentor-Protégé Program...

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