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.
Affiliated Group
When two or more...
Capital Leases
are for the purchase of fixed assets such as...
Companion File
When an applicant has another application filed...
Intermediary Organization
Organizations that play a funda...
Injury Analysis
Measures the effects of...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Defense Contractor
Any person who enters into...
Injury Period
The time period during...
Liabilities
A financial obligation...
GPM%
The measure of every sales dollar left...
Full and Open Competition
With respect to a contract action...
Subsidiary
A company for which a majority of the...
Subcontract
A contract between a prime cont...
SCORE
Counselors to America's Small Bus...
Primary Activity
The major business activity of...

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