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.
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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Full and Open Competition
With respect to a contract action...
Current Assets
A balance sheet item which equals...
Lien
A legal claim against an...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Defense Contractor
Any person who enters into...
Subsidiary
A company for which a majority of the...
Business Activity
The business (or loss) activity of...
Working Capital (WC)
The amount of current assets that...
Phase 1
Process used to determine the...
Capital Leases
are for the purchase of fixed assets such as...
Mentor
A business, usually large, or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Projection
An estimate of future economic or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Trend Analysis
A comparative analysis of...

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