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
Business Activity
The business (or loss) activity of the applicant business prior to any consideration of affiliation.
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.
Applicant Individual
aka who is requesting an SBA loan...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Negotiation
Contracting through the use of...
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Cash-basis Accounting
records revenue when cash is...
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Mentor
A business, usually large, or...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Liabilities
A financial obligation...
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Affiliated Group
When two or more...
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Contract
A mutually binding legal rel..
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Intermediary Organization
Organizations that play a funda...
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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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Fair and Reasonable Price
A price that is fair to both parties...
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B/E (Business EIDL) Loan
A business loan that...
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