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.
Current Assets
A balance sheet item which equals...
Extraordinary Items
Additional expenses that are...
Applicant Individual
aka who is requesting an SBA loan...
Phase 2
Process to be used to determine economic injury for...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Projection
An estimate of future economic or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Days Receivable
A measure of the average time a...
Depreciation
A non-cash operating expense that...
Injury Period
The time period during...
Physical Loans
Funds to repair/replace dis...
Protégé
A firm in a developmental stage that...
S-Corporation
A form of corporation, allowed by...
Companion File
When an applicant has another application filed...

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