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.
Emerging Small Business
A small business concern whose...
Contracting
Purchasing, renting, leasing, or...
Injury Analysis
Measures the effects of...
Substantial Damage
This means uninsured or otherwise uncompensated...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Phase 1
Process used to determine the...
Lien
A legal claim against an...
Physical Loans
Funds to repair/replace dis...
Joint Venture
In the SBA Mentor-Protégé Program...
Credit Elsewhere Test (CET)
The test to determine the...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Affiliate
Business concerns are affiliates if one concern...
Duplicated Interest
The amount of interest exp...
Depreciation
A non-cash operating expense that...

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