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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Subcontract
A contract between a prime cont...
Subsidiary
A company for which a majority of the...
Primary Activity
The major business activity of...
Contracting Officer
A person with the authority to...
Phase 1
Process used to determine the...
Small Disadvantaged Business Concern
A small business concern that...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Prime Contract
A contract awarded directly...
Comparative Analysis
Is designed to point out significant trends that...
Principal
the owner(s) of the Applicant Entity that...
Liabilities
A financial obligation...
Business Activity
The business (or loss) activity of...
Contracting
Purchasing, renting, leasing, or...

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