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.
Affiliates
Business concerns, organizations, or...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Normal Gross Margin
The margin that would have been...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Days Payable
A measure of the average time a...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Contractor Team Arrangement
An arrangement in which...
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Current Assets
A balance sheet item which equals...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Injury Period
The time period during...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Guarantor
The legal entity and...
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Applicant/Co-Applicant
Business entity and person requesting...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Credit Elsewhere Test (CET)
The test to determine the...
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