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.
Companion File
When an applicant has another application filed...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Primary Activity
The major business activity of...
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Duplicated Interest
The amount of interest exp...
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Physical Loans
Funds to repair/replace dis...
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Equity
An accounting term used to...
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Partnership
A type of unincorporated business org...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Affiliated Group
When two or more...
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Amortization
A non-cash operating expense that...
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Working Capital (WC)
The amount of current assets that...
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Mentor
A business, usually large, or...
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Days Payable
A measure of the average time a...
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