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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Cash-basis Accounting
records revenue when cash is...
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Working Capital (WC)
The amount of current assets that...
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Current Assets
A balance sheet item which equals...
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Contracting Officer
A person with the authority to...
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Intermediary Organization
Organizations that play a funda...
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Normal Gross Margin
The margin that would have been...
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Mentor
A business, usually large, or...
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Lien
A legal claim against an...
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Protégé
A firm in a developmental stage that...
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Guarantor
The legal entity and...
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Companion File
When an applicant has another application filed...
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Best and Final Offer
For negotiated procurements...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Electronic Data Interchange
Transmission of information bet...
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