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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Glossary
SBA Terms
Source: SBA.gov
Injury Period
The time period during which the business feels the adverse effects of 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.
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Affiliated Group
When two or more...
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Capital Leases
are for the purchase of fixed assets such as...
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Depreciation
A non-cash operating expense that...
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Prime Contract
A contract awarded directly...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Break-even Analysis
A calculation of the approximate sales...
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Collateral
Assets pledged by a borrower to secure a loan...
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Equity
An accounting term used to...
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Full and Open Competition
With respect to a contract action...
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Working Capital (WC)
The amount of current assets that...
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Partnership
A type of unincorporated business org...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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SCORE
Counselors to America's Small Bus...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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