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.
Certificate of Competency
A certificate issued by the Small Bus...
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Break-even Analysis
A calculation of the approximate sales...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Injury Period
The time period during...
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Phase 1
Process used to determine the...
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Affiliated Group
When two or more...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Amortization
A non-cash operating expense that...
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Credit Score Test
Part of the home loan CET show a...
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Business Activity
The business (or loss) activity of...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Days Receivable
A measure of the average time a...
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Contractor Team Arrangement
An arrangement in which...
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