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.
Mentor
A business, usually large, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Equity
An accounting term used to...
Certified 8(a) Firm
A firm owned and operated by socially and...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Partnering
A mutually beneficial business-to-bus...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Sole Proprietor
an individual who...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Applicant Entity
The business entity requesting...
Applicant Individual
aka who is requesting an SBA loan...
Negotiation
Contracting through the use of...
Comparative Analysis
Is designed to point out significant trends that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Small Disadvantaged Business Concern
A small business concern that...

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