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.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Projection
An estimate of future economic or...
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Cash Flow Test
Part of the CET that determines if...
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Guarantor
The legal entity and...
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Partnering
A mutually beneficial business-to-bus...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Mentor
A business, usually large, or...
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Phase 1
Process used to determine the...
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Small Business
A business smaller than...
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Prime Contract
A contract awarded directly...
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Principal
the owner(s) of the Applicant Entity that...
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Normal Annual Sales
Those sales that would have...
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Credit Elsewhere Test (CET)
The test to determine the...
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Contracting Officer
A person with the authority to...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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