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.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Corporation (C-corp.)
The most common form of business org...
Affiliated Group
When two or more...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Capital Leases
are for the purchase of fixed assets such as...
Lien
A legal claim against an...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Injury Analysis
Measures the effects of...
Protégé
A firm in a developmental stage that...
Primary Activity
The major business activity of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
S-Corporation
A form of corporation, allowed by...
Phase 2
Process to be used to determine economic injury for...
Depreciation
A non-cash operating expense that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...

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