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.
S-Corporation
A form of corporation, allowed by...
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Normal Annual Sales
Those sales that would have...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Applicant Individual
aka who is requesting an SBA loan...
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Subcontract
A contract between a prime cont...
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Contracting
Purchasing, renting, leasing, or...
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Defense Contractor
Any person who enters into...
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Business Activity
The business (or loss) activity of...
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Projection
An estimate of future economic or...
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Partnership
A type of unincorporated business org...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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Working Capital (WC)
The amount of current assets that...
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Cash Flow Test
Part of the CET that determines if...
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Contractor Team Arrangement
An arrangement in which...
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Cash-basis Accounting
records revenue when cash is...
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