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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Business Activity
The business (or loss) activity of...
NAICS
NAICS codes are common...
Break-even Analysis
A calculation of the approximate sales...
Defense Contractor
Any person who enters into...
Negotiation
Contracting through the use of...
Certificate of Competency
A certificate issued by the Small Bus...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Cash Flow Test
Part of the CET that determines if...
Injury Period
The time period during...
Cash-basis Accounting
records revenue when cash is...
Current Assets
A balance sheet item which equals...
S-Corporation
A form of corporation, allowed by...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Intermediary Organization
Organizations that play a funda...

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