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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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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Fair and Reasonable Price
A price that is fair to both parties...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Mentor
A business, usually large, or...
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Duplicated Interest
The amount of interest exp...
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Subsidiary
A company for which a majority of the...
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Break-even Analysis
A calculation of the approximate sales...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Request for Proposal (RFP)
A document outlining a...
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Small Business
A business smaller than...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Capital Leases
are for the purchase of fixed assets such as...
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Days Receivable
A measure of the average time a...
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Companion File
When an applicant has another application filed...
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Current Liabilities
A balance sheet item, which...
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