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
Extraordinary Items
Additional expenses that are outside “normal” operations and caused directly by the disaster.
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.
Certificate of Competency
A certificate issued by the Small Bus...
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Injury Period
The time period during...
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Applicant/Co-Applicant
Business entity and person requesting...
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Cash-basis Accounting
records revenue when cash is...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Trend Analysis
A comparative analysis of...
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Liabilities
A financial obligation...
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Physical Loans
Funds to repair/replace dis...
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Hardship Waiver
Method used to approve a...
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Comparative Analysis
Is designed to point out significant trends that...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Capital Leases
are for the purchase of fixed assets such as...
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Business Activity
The business (or loss) activity of...
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Phase 2
Process to be used to determine economic injury for...
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S-Corporation
A form of corporation, allowed by...
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