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
Cash-basis Accounting
records revenue when cash is received, and expenses when they are paid in cash
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.
Cash-basis Accounting
records revenue when cash is...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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S-Corporation
A form of corporation, allowed by...
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Subcontract
A contract between a prime cont...
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Emerging Small Business
A small business concern whose...
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Mentor
A business, usually large, or...
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Affiliated Group
When two or more...
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Credit Elsewhere Test (CET)
The test to determine the...
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Normal Gross Margin
The margin that would have been...
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NAICS
NAICS codes are common...
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Income Statement
Shows the entity’s income and...
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Contractor Team Arrangement
An arrangement in which...
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Request for Proposal (RFP)
A document outlining a...
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