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.
B/E (Business EIDL) Loan
A business loan that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Guarantor
The legal entity and...
Protégé
A firm in a developmental stage that...
Contracting
Purchasing, renting, leasing, or...
Contract
A mutually binding legal rel..
Duplicated Interest
The amount of interest exp...
Best and Final Offer
For negotiated procurements...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Operating Leases
are deducted on the company’s...
SCORE
Counselors to America's Small Bus...
Applicant Entity
The business entity requesting...
Applicant/Co-Applicant
Business entity and person requesting...
Subsidiary
A company for which a majority of the...
Hardship Waiver
Method used to approve a...

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