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.
Hardship Waiver
Method used to approve a...
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Contracting Officer
A person with the authority to...
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Fair and Reasonable Price
A price that is fair to both parties...
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Negotiation
Contracting through the use of...
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Duplicated Interest
The amount of interest exp...
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Affiliates
Business concerns, organizations, or...
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Injury Analysis
Measures the effects of...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Physical Loans
Funds to repair/replace dis...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Certificate of Competency
A certificate issued by the Small Bus...
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Applicant Individual
aka who is requesting an SBA loan...
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Protégé
A firm in a developmental stage that...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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