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
Affiliated Group
When two or more distinct legal entities are affiliated.
Updated on
September 9, 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.
Prime Contract
A contract awarded directly...
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Current Liabilities
A balance sheet item, which...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Applicant Individual
aka who is requesting an SBA loan...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Mentor
A business, usually large, or...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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GPM%
The measure of every sales dollar left...
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Operating Leases
are deducted on the company’s...
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Extraordinary Items
Additional expenses that are...
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Break-even Analysis
A calculation of the approximate sales...
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Small Disadvantaged Business Concern
A small business concern that...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Full and Open Competition
With respect to a contract action...
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Capital Leases
are for the purchase of fixed assets such as...
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