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.
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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.
Days Payable
A measure of the average time a...
Adjusted Net Worth
Post disaster fair market value of tangible...
SCORE
Counselors to America's Small Bus...
Prime Contract
A contract awarded directly...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Best and Final Offer
For negotiated procurements...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
GPM%
The measure of every sales dollar left...
Projection
An estimate of future economic or...
Contracting
Purchasing, renting, leasing, or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Electronic Data Interchange
Transmission of information bet...
Request for Proposal (RFP)
A document outlining a...
Business Activity
The business (or loss) activity of...

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