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.
Break-even Analysis
A calculation of the approximate sales...
Affiliated Group
When two or more...
Guarantor
The legal entity and...
Contracting
Purchasing, renting, leasing, or...
Request for Proposal (RFP)
A document outlining a...
Mentor
A business, usually large, or...
Applicant Entity
The business entity requesting...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Duplicated Interest
The amount of interest exp...
Small Business
A business smaller than...
Credit Score Test
Part of the home loan CET show a...
Normal Annual Sales
Those sales that would have...
Affiliates
Business concerns, organizations, or...
Acquisition
The acquiring of supplies or...
Primary Activity
The major business activity of...

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