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.
Contract
A mutually binding legal rel..
Trend Analysis
A comparative analysis of...
Days Payable
A measure of the average time a...
Prime Contract
A contract awarded directly...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Days Receivable
A measure of the average time a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Affiliates
Business concerns, organizations, or...
Mentor
A business, usually large, or...
Certificate of Competency
A certificate issued by the Small Bus...
Best and Final Offer
For negotiated procurements...
Equity
An accounting term used to...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Acquisition
The acquiring of supplies or...

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