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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How to Get an SBA Loan
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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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Applicant Individual
aka who is requesting an SBA loan...
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Subsidiary
A company for which a majority of the...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Capital Leases
are for the purchase of fixed assets such as...
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Phase 1
Process used to determine the...
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Electronic Data Interchange
Transmission of information bet...
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Request for Proposal (RFP)
A document outlining a...
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Income Statement
Shows the entity’s income and...
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Applicant/Co-Applicant
Business entity and person requesting...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Cash Flow Test
Part of the CET that determines if...
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Days Payable
A measure of the average time a...
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Break-even Analysis
A calculation of the approximate sales...
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