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?
Explore the FAQs page ->
Latest SBA Loan Rates ->
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Learn
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.
Cash Flow Test
Part of the CET that determines if...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Corporation (C-corp.)
The most common form of business org...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Business Activity
The business (or loss) activity of...
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Income Statement
Shows the entity’s income and...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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B/E (Business EIDL) Loan
A business loan that...
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Contractor Team Arrangement
An arrangement in which...
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Primary Activity
The major business activity of...
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Companion File
When an applicant has another application filed...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Normal Annual Sales
Those sales that would have...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Guarantor
The legal entity and...
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