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
Guarantor
The legal entity and/or person who guarantees an obligation and has a legal duty to fulfill it.
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.
B/E (Business EIDL) Loan
A business loan that...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Assets
The amount of current assets that is left...
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Depreciation
A non-cash operating expense that...
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Lien
A legal claim against an...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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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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Companion File
When an applicant has another application filed...
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Capital Leases
are for the purchase of fixed assets such as...
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Credit Elsewhere Test (CET)
The test to determine the...
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Fair and Reasonable Price
A price that is fair to both parties...
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