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.
Guarantor
The legal entity and...
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Applicant Individual
aka who is requesting an SBA loan...
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Electronic Data Interchange
Transmission of information bet...
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S-Corporation
A form of corporation, allowed by...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Primary Activity
The major business activity of...
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Physical Loans
Funds to repair/replace dis...
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Mentor
A business, usually large, or...
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Collateral
Assets pledged by a borrower to secure a loan...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Amortization
A non-cash operating expense that...
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Working Capital (WC)
The amount of current assets that...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Full and Open Competition
With respect to a contract action...
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Small Business
A business smaller than...
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