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.
Applicant Entity
The business entity requesting...
Lien
A legal claim against an...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Credit Elsewhere Test (CET)
The test to determine the...
Subsidiary
A company for which a majority of the...
Primary Activity
The major business activity of...
Acquisition
The acquiring of supplies or...
Equity
An accounting term used to...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Affiliates
Business concerns, organizations, or...
Cash-basis Accounting
records revenue when cash is...
Subcontract
A contract between a prime cont...
Negotiation
Contracting through the use of...
Partnering
A mutually beneficial business-to-bus...

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