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
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Contracting
Purchasing, renting, leasing, or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash Flow Test
Part of the CET that determines if...
Normal Gross Margin
The margin that would have been...
Amortization
A non-cash operating expense that...
Hardship Waiver
Method used to approve a...
Projection
An estimate of future economic or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Break-even Analysis
A calculation of the approximate sales...
Credit Elsewhere Test (CET)
The test to determine the...
Extraordinary Items
Additional expenses that are...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Mentor
A business, usually large, or...
Full and Open Competition
With respect to a contract action...
Request for Proposal (RFP)
A document outlining a...

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