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
Liabilities
A financial obligation, debt, or claim, i.e. notes payable and accounts payable.
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.
Credit Elsewhere Test (CET)
The test to determine the...
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Hardship Waiver
Method used to approve a...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Trend Analysis
A comparative analysis of...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Contractor Team Arrangement
An arrangement in which...
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Primary Activity
The major business activity of...
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Principal
the owner(s) of the Applicant Entity that...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Extraordinary Items
Additional expenses that are...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Electronic Data Interchange
Transmission of information bet...
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