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.
Lien
A legal claim against an...
Income Statement
Shows the entity’s income and...
Cash-basis Accounting
records revenue when cash is...
Days Payable
A measure of the average time a...
Phase 2
Process to be used to determine economic injury for...
Assets
The amount of current assets that is left...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Contract
A mutually binding legal rel..
Best and Final Offer
For negotiated procurements...
Small Disadvantaged Business Concern
A small business concern that...
Break-even Analysis
A calculation of the approximate sales...
Affiliates
Business concerns, organizations, or...
Negotiation
Contracting through the use of...

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