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 Individual
Individual requesting disaster loan assistance.
Updated on
September 8, 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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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GPM%
The measure of every sales dollar left...
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Contracting Officer
A person with the authority to...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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S-Corporation
A form of corporation, allowed by...
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Partnership
A type of unincorporated business org...
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Acquisition
The acquiring of supplies or...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Liabilities
A financial obligation...
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Break-even Analysis
A calculation of the approximate sales...
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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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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Emerging Small Business
A small business concern whose...
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Cash-basis Accounting
records revenue when cash is...
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