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.
B/E (Business EIDL) Loan
A business loan that...
Partnership
A type of unincorporated business org...
Applicant/Co-Applicant
Business entity and person requesting...
Prime Contract
A contract awarded directly...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Cash Flow Test
Part of the CET that determines if...
Sole Proprietor
an individual who...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Companion File
When an applicant has another application filed...
Guarantor
The legal entity and...
Capital Leases
are for the purchase of fixed assets such as...
Credit Score Test
Part of the home loan CET show a...
Days Receivable
A measure of the average time a...
Request for Proposal (RFP)
A document outlining a...

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