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.
Collateral
Assets pledged by a borrower to secure a loan...
Contracting
Purchasing, renting, leasing, or...
Trend Analysis
A comparative analysis of...
Physical Loans
Funds to repair/replace dis...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Comparative Analysis
Is designed to point out significant trends that...
Contracting Officer
A person with the authority to...
Injury Period
The time period during...
Operating Leases
are deducted on the company’s...
Prime Contract
A contract awarded directly...
Certificate of Competency
A certificate issued by the Small Bus...
Phase 1
Process used to determine the...
GPM%
The measure of every sales dollar left...
Electronic Data Interchange
Transmission of information bet...
Affiliate
Business concerns are affiliates if one concern...

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