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 ->
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How to Get an SBA Loan
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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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Depreciation
A non-cash operating expense that...
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Hardship Waiver
Method used to approve a...
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Contractor Team Arrangement
An arrangement in which...
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Business Activity
The business (or loss) activity of...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Companion File
When an applicant has another application filed...
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Partnership
A type of unincorporated business org...
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Intermediary Organization
Organizations that play a funda...
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Break-even Analysis
A calculation of the approximate sales...
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Guarantor
The legal entity and...
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Liabilities
A financial obligation...
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B/E (Business EIDL) Loan
A business loan that...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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