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.
Subsidiary
A company for which a majority of the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Emerging Small Business
A small business concern whose...
Applicant/Co-Applicant
Business entity and person requesting...
Electronic Data Interchange
Transmission of information bet...
Affiliated Group
When two or more...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
B/E (Business EIDL) Loan
A business loan that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certificate of Competency
A certificate issued by the Small Bus...
Trend Analysis
A comparative analysis of...
Injury Period
The time period during...
Request for Proposal (RFP)
A document outlining a...
Normal Gross Margin
The margin that would have been...
Subcontract
A contract between a prime cont...

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