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 ->
NEW: SBA Glossary ->
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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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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GPM%
The measure of every sales dollar left...
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Collateral
Assets pledged by a borrower to secure a loan...
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Contractor Team Arrangement
An arrangement in which...
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Protégé
A firm in a developmental stage that...
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Days Payable
A measure of the average time a...
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Electronic Data Interchange
Transmission of information bet...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Amortization
A non-cash operating expense that...
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Request for Proposal (RFP)
A document outlining a...
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Certificate of Competency
A certificate issued by the Small Bus...
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Affiliated Group
When two or more...
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Injury Period
The time period during...
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B/E (Business EIDL) Loan
A business loan that...
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