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.
Intermediary Organization
Organizations that play a funda...
Injury Analysis
Measures the effects of...
Days Payable
A measure of the average time a...
Days Receivable
A measure of the average time a...
Affiliates
Business concerns, organizations, or...
Cash-basis Accounting
records revenue when cash is...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Subcontract
A contract between a prime cont...
Phase 1
Process used to determine the...
Liabilities
A financial obligation...
Projection
An estimate of future economic or...
Fair and Reasonable Price
A price that is fair to both parties...
Credit Score Test
Part of the home loan CET show a...

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