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.
Injury Analysis
Measures the effects of...
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Acquisition
The acquiring of supplies or...
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Corporation (C-corp.)
The most common form of business org...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Phase 1
Process used to determine the...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Income Statement
Shows the entity’s income and...
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Electronic Data Interchange
Transmission of information bet...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Days Payable
A measure of the average time a...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Hardship Waiver
Method used to approve a...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Days Receivable
A measure of the average time a...
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