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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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SCORE
Counselors to America's Small Bus...
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Full and Open Competition
With respect to a contract action...
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Normal Gross Margin
The margin that would have been...
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Small Disadvantaged Business Concern
A small business concern that...
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Current Liabilities
A balance sheet item, which...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Sole Proprietor
an individual who...
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Income Statement
Shows the entity’s income and...
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Current Assets
A balance sheet item which equals...
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Liabilities
A financial obligation...
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Prime Contract
A contract awarded directly...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Affiliates
Business concerns, organizations, or...
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Defense Contractor
Any person who enters into...
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