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.
Trend Analysis
A comparative analysis of...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Assets
The amount of current assets that is left...
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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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Duplicated Interest
The amount of interest exp...
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Extraordinary Items
Additional expenses that are...
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Electronic Data Interchange
Transmission of information bet...
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Capital Leases
are for the purchase of fixed assets such as...
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Affiliate
Business concerns are affiliates if one concern...
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Credit Elsewhere Test (CET)
The test to determine the...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Hardship Waiver
Method used to approve a...
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Acquisition
The acquiring of supplies or...
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Injury Analysis
Measures the effects of...
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