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.
Subcontract
A contract between a prime cont...
Request for Proposal (RFP)
A document outlining a...
Liabilities
A financial obligation...
Applicant Entity
The business entity requesting...
Current Liabilities
A balance sheet item, which...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Normal Annual Sales
Those sales that would have...
Current Assets
A balance sheet item which equals...
Affiliated Group
When two or more...
Depreciation
A non-cash operating expense that...
Acquisition
The acquiring of supplies or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Primary Activity
The major business activity of...
Duplicated Interest
The amount of interest exp...
Corporation (C-corp.)
The most common form of business org...

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