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
Income Statement
Shows the entity’s income and expenses. (similar to a Profit & Loss Statement)
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.
Corporation (C-corp.)
The most common form of business org...
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Full and Open Competition
With respect to a contract action...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Applicant Entity
The business entity requesting...
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Guarantor
The legal entity and...
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Lien
A legal claim against an...
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Injury Analysis
Measures the effects of...
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Cash Flow Test
Part of the CET that determines if...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Credit Score Test
Part of the home loan CET show a...
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Assets
The amount of current assets that is left...
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Applicant Individual
aka who is requesting an SBA loan...
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Amortization
A non-cash operating expense that...
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Operating Leases
are deducted on the company’s...
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