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.
NAICS
NAICS codes are common...
Duplicated Interest
The amount of interest exp...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Collateral
Assets pledged by a borrower to secure a loan...
Full and Open Competition
With respect to a contract action...
Guarantor
The legal entity and...
Emerging Small Business
A small business concern whose...
Partnering
A mutually beneficial business-to-bus...
Partnership
A type of unincorporated business org...
Current Liabilities
A balance sheet item, which...
Days Receivable
A measure of the average time a...
Fair and Reasonable Price
A price that is fair to both parties...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Equity
An accounting term used to...
Projection
An estimate of future economic or...

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