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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Contracting
Purchasing, renting, leasing, or...
Phase 1
Process used to determine the...
Subcontract
A contract between a prime cont...
Extraordinary Items
Additional expenses that are...
NAICS
NAICS codes are common...
Income Statement
Shows the entity’s income and...
Request for Proposal (RFP)
A document outlining a...
Protégé
A firm in a developmental stage that...
Joint Venture
In the SBA Mentor-Protégé Program...
Capital Leases
are for the purchase of fixed assets such as...
Physical Loans
Funds to repair/replace dis...
Equity
An accounting term used to...
Prime Contract
A contract awarded directly...
B/E (Business EIDL) Loan
A business loan that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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