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.
Injury Period
The time period during...
Projection
An estimate of future economic or...
Phase 1
Process used to determine the...
Credit Elsewhere Test (CET)
The test to determine the...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Adjusted Net Worth
Post disaster fair market value of tangible...
Fair and Reasonable Price
A price that is fair to both parties...
Equity
An accounting term used to...
Joint Venture
In the SBA Mentor-Protégé Program...
Applicant/Co-Applicant
Business entity and person requesting...
Business Activity
The business (or loss) activity of...
Protégé
A firm in a developmental stage that...
Capital Leases
are for the purchase of fixed assets such as...
Depreciation
A non-cash operating expense that...
Affiliated Group
When two or more...

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