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
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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Sole Proprietor
an individual who...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Phase 2
Process to be used to determine economic injury for...
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Defense Contractor
Any person who enters into...
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Acquisition
The acquiring of supplies or...
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Working Capital (WC)
The amount of current assets that...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Normal Gross Margin
The margin that would have been...
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Physical Loans
Funds to repair/replace dis...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Equity
An accounting term used to...
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Depreciation
A non-cash operating expense that...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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