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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Latest SBA Loan Rates ->
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How to Get an SBA Loan
Apply Online ->
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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.
Credit Elsewhere Test (CET)
The test to determine the...
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Capital Leases
are for the purchase of fixed assets such as...
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Partnership
A type of unincorporated business org...
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B/E (Business EIDL) Loan
A business loan that...
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Contracting Officer
A person with the authority to...
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Current Assets
A balance sheet item which equals...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Contract
A mutually binding legal rel..
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Defense Contractor
Any person who enters into...
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Fair and Reasonable Price
A price that is fair to both parties...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Mentor
A business, usually large, or...
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Extraordinary Items
Additional expenses that are...
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Assets
The amount of current assets that is left...
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Injury Analysis
Measures the effects of...
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