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 Individual
aka who is requesting an SBA loan...
Limited Partnership
A business organization with one or...
Cash Flow Test
Part of the CET that determines if...
Trend Analysis
A comparative analysis of...
Extraordinary Items
Additional expenses that are...
Fair and Reasonable Price
A price that is fair to both parties...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Capital Leases
are for the purchase of fixed assets such as...
Lien
A legal claim against an...
Acquisition
The acquiring of supplies or...
Corporation (C-corp.)
The most common form of business org...
Break-even Analysis
A calculation of the approximate sales...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Emerging Small Business
A small business concern whose...
Contracting
Purchasing, renting, leasing, or...

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