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.
Applicant/Co-Applicant
Business entity and person requesting...
Sole Proprietor
an individual who...
Certificate of Competency
A certificate issued by the Small Bus...
Negotiation
Contracting through the use of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Standard Industrial Classification (SIC) Code
A code representing a category within...
NAICS
NAICS codes are common...
Primary Activity
The major business activity of...
Collateral
Assets pledged by a borrower to secure a loan...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Joint Venture
In the SBA Mentor-Protégé Program...
Break-even Analysis
A calculation of the approximate sales...
Affiliated Group
When two or more...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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