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.
Amortization
A non-cash operating expense that...
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Applicant/Co-Applicant
Business entity and person requesting...
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Collateral
Assets pledged by a borrower to secure a loan...
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Primary Activity
The major business activity of...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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Defense Contractor
Any person who enters into...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Limited Partnership
A business organization with one or...
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Normal Annual Sales
Those sales that would have...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Mentor
A business, usually large, or...
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Income Statement
Shows the entity’s income and...
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Injury Period
The time period during...
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