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...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Sole Proprietor
an individual who...
Hardship Waiver
Method used to approve a...
Income Statement
Shows the entity’s income and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Request for Proposal (RFP)
A document outlining a...
Intermediary Organization
Organizations that play a funda...
Certified 8(a) Firm
A firm owned and operated by socially and...
SCORE
Counselors to America's Small Bus...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Projection
An estimate of future economic or...
Partnering
A mutually beneficial business-to-bus...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Extraordinary Items
Additional expenses that are...

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