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
Applicant/Co-Applicant
The individual(s) or legal entity requesting disaster loan assistance.
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.
Emerging Small Business
A small business concern whose...
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Assets
The amount of current assets that is left...
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Acquisition
The acquiring of supplies or...
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Extraordinary Items
Additional expenses that are...
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Cash-basis Accounting
records revenue when cash is...
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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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Affiliates
Business concerns, organizations, or...
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Subsidiary
A company for which a majority of the...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Liabilities
A financial obligation...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Phase 2
Process to be used to determine economic injury for...
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Partnership
A type of unincorporated business org...
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