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?
Explore the FAQs page ->
Latest SBA Loan Rates ->
NEW: SBA Glossary ->
Get Prequalified
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
Apply Here
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.
Depreciation
A non-cash operating expense that...
Go to full definition ->
Intermediary Organization
Organizations that play a funda...
Go to full definition ->
Principal
the owner(s) of the Applicant Entity that...
Go to full definition ->
Extraordinary Items
Additional expenses that are...
Go to full definition ->
Guarantor
The legal entity and...
Go to full definition ->
Cash Flow Test
Part of the CET that determines if...
Go to full definition ->
Substantial Damage
This means uninsured or otherwise uncompensated...
Go to full definition ->
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Go to full definition ->
Collateral
Assets pledged by a borrower to secure a loan...
Go to full definition ->
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Go to full definition ->
Duplicated Interest
The amount of interest exp...
Go to full definition ->
Credit Elsewhere Test (CET)
The test to determine the...
Go to full definition ->
Limited Partnership
A business organization with one or...
Go to full definition ->
Affiliated Group
When two or more...
Go to full definition ->
Applicant Individual
aka who is requesting an SBA loan...
Go to full definition ->
Get the quick rundown on SBA Loans
Join over 4,000+ small business owners already growing with us.
How it Works
