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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Latest SBA Loan Rates ->
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How to Get an SBA Loan
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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.
Equity
An accounting term used to...
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Collateral
Assets pledged by a borrower to secure a loan...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Contractor Team Arrangement
An arrangement in which...
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Duplicated Interest
The amount of interest exp...
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Partnership
A type of unincorporated business org...
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Certificate of Competency
A certificate issued by the Small Bus...
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Subsidiary
A company for which a majority of the...
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Primary Activity
The major business activity of...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Amortization
A non-cash operating expense that...
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Electronic Data Interchange
Transmission of information bet...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Phase 1
Process used to determine the...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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