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.
NAICS
NAICS codes are common...
Trend Analysis
A comparative analysis of...
Collateral
Assets pledged by a borrower to secure a loan...
Partnership
A type of unincorporated business org...
Days Receivable
A measure of the average time a...
Request for Proposal (RFP)
A document outlining a...
Phase 1
Process used to determine the...
Days Payable
A measure of the average time a...
Negotiation
Contracting through the use of...
Credit Score Test
Part of the home loan CET show a...
Subcontract
A contract between a prime cont...
Partnering
A mutually beneficial business-to-bus...
Injury Analysis
Measures the effects of...
Comparative Analysis
Is designed to point out significant trends that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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