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.
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.
Normal Annual Sales
Those sales that would have...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Days Payable
A measure of the average time a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Partnering
A mutually beneficial business-to-bus...
Negotiation
Contracting through the use of...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Fair and Reasonable Price
A price that is fair to both parties...
Cash Flow Test
Part of the CET that determines if...
Applicant Individual
aka who is requesting an SBA loan...
Duplicated Interest
The amount of interest exp...
Contracting
Purchasing, renting, leasing, or...
Best and Final Offer
For negotiated procurements...
Operating Leases
are deducted on the company’s...

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