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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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.
Income Statement
Shows the entity’s income and...
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Hardship Waiver
Method used to approve a...
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Days Payable
A measure of the average time a...
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Best and Final Offer
For negotiated procurements...
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Physical Loans
Funds to repair/replace dis...
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Projection
An estimate of future economic or...
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Partnering
A mutually beneficial business-to-bus...
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Injury Analysis
Measures the effects of...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Credit Elsewhere Test (CET)
The test to determine the...
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Comparative Analysis
Is designed to point out significant trends that...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Business Activity
The business (or loss) activity of...
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Protégé
A firm in a developmental stage that...
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Current Liabilities
A balance sheet item, which...
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