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
Coastal Barrier Resource Area (COBRA)
A flood prone area in which the government prohibits financial disaster assistance.
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.
Request for Proposal (RFP)
A document outlining a...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Phase 2
Process to be used to determine economic injury for...
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Cash-basis Accounting
records revenue when cash is...
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Days Receivable
A measure of the average time a...
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Capital Leases
are for the purchase of fixed assets such as...
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S-Corporation
A form of corporation, allowed by...
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Injury Analysis
Measures the effects of...
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Credit Elsewhere Test (CET)
The test to determine the...
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Contracting Officer
A person with the authority to...
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Equity
An accounting term used to...
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Contract
A mutually binding legal rel..
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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