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.
Full and Open Competition
With respect to a contract action...
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Mentor
A business, usually large, or...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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B/E (Business EIDL) Loan
A business loan that...
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Prime Contract
A contract awarded directly...
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Lien
A legal claim against an...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Current Assets
A balance sheet item which equals...
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Break-even Analysis
A calculation of the approximate sales...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Physical Loans
Funds to repair/replace dis...
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Business Activity
The business (or loss) activity of...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Fair and Reasonable Price
A price that is fair to both parties...
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NAICS
NAICS codes are common...
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