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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How to Get an SBA Loan
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Glossary
SBA Terms
Source: SBA.gov
Applicant Entity
The LLC, Partnership, Trust or Corporation 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.
Duplicated Interest
The amount of interest exp...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Intermediary Organization
Organizations that play a funda...
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Days Payable
A measure of the average time a...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Capital Leases
are for the purchase of fixed assets such as...
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Cash-basis Accounting
records revenue when cash is...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Hardship Waiver
Method used to approve a...
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Normal Annual Sales
Those sales that would have...
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