Loan Types
SBA Loan Types
Learn more about each type of SBA loan
7(a) SBA Loans ->
504 SBA Loans ->
SBA Microloans ->
SBA Disaster Loans ->
Loan Purposes
SBA Loan Purposes
Here are 4 popular ways SBA loans are used
Buy a new business ->
Buy or refinance real estate ->
Enhance a current business ->
Refinance existing debt ->
FAQs
What is an SBA 7a loan?
What is a 504 loan?
What is a Microloan?
What are SBA loan rates?
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Glossary
SBA Terms
Source: SBA.gov
Adjusted Net Worth
Post disaster fair market value of tangible assets, less liabilities, within certain restrictions.
Updated on
September 8, 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.
Physical Loans
Funds to repair/replace dis...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Days Receivable
A measure of the average time a...
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Hardship Waiver
Method used to approve a...
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Applicant Entity
The business entity requesting...
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Affiliates
Business concerns, organizations, or...
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Companion File
When an applicant has another application filed...
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Break-even Analysis
A calculation of the approximate sales...
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Credit Score Test
Part of the home loan CET show a...
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Affiliate
Business concerns are affiliates if one concern...
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Working Capital (WC)
The amount of current assets that...
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Applicant/Co-Applicant
Business entity and person requesting...
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Extraordinary Items
Additional expenses that are...
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Contract
A mutually binding legal rel..
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Lien
A legal claim against an...
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