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.
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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.
Phase 1
Process used to determine the...
Electronic Data Interchange
Transmission of information bet...
Adjusted Net Worth
Post disaster fair market value of tangible...
Intermediary Organization
Organizations that play a funda...
Subcontract
A contract between a prime cont...
Applicant Individual
aka who is requesting an SBA loan...
Assets
The amount of current assets that is left...
Sole Proprietor
an individual who...
Cash Flow Test
Part of the CET that determines if...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Equity
An accounting term used to...
Phase 2
Process to be used to determine economic injury for...
Break-even Analysis
A calculation of the approximate sales...
Mentor
A business, usually large, or...
Principal
the owner(s) of the Applicant Entity that...

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