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.
Limited Partnership
A business organization with one or...
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Income Statement
Shows the entity’s income and...
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Guarantor
The legal entity and...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Current Liabilities
A balance sheet item, which...
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Capital Leases
are for the purchase of fixed assets such as...
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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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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Working Capital (WC)
The amount of current assets that...
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Applicant Entity
The business entity requesting...
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Injury Period
The time period during...
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Duplicated Interest
The amount of interest exp...
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GPM%
The measure of every sales dollar left...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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