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.
Defense Contractor
Any person who enters into...
Phase 1
Process used to determine the...
Credit Elsewhere Test (CET)
The test to determine the...
Injury Analysis
Measures the effects of...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
GPM%
The measure of every sales dollar left...
Working Capital (WC)
The amount of current assets that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Guarantor
The legal entity and...
Physical Loans
Funds to repair/replace dis...
Small Business
A business smaller than...
Certified 8(a) Firm
A firm owned and operated by socially and...
Cash-basis Accounting
records revenue when cash is...
Days Receivable
A measure of the average time a...
Full and Open Competition
With respect to a contract action...

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