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.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Electronic Data Interchange
Transmission of information bet...
Capital Leases
are for the purchase of fixed assets such as...
GPM%
The measure of every sales dollar left...
Operating Leases
are deducted on the company’s...
Affiliate
Business concerns are affiliates if one concern...
Working Capital (WC)
The amount of current assets that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Depreciation
A non-cash operating expense that...
Days Payable
A measure of the average time a...
Normal Annual Sales
Those sales that would have...
Certified 8(a) Firm
A firm owned and operated by socially and...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Current Liabilities
A balance sheet item, which...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Amortization
A non-cash operating expense that...

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