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.
Applicant Individual
aka who is requesting an SBA loan...
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Primary Activity
The major business activity of...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Applicant/Co-Applicant
Business entity and person requesting...
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B/E (Business EIDL) Loan
A business loan that...
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Injury Period
The time period during...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Electronic Data Interchange
Transmission of information bet...
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Business Activity
The business (or loss) activity of...
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Affiliated Group
When two or more...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Lien
A legal claim against an...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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