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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Glossary
SBA Terms
Source: SBA.gov
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that spells out the terms and conditions of the loan.
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.
Principal
the owner(s) of the Applicant Entity that...
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Emerging Small Business
A small business concern whose...
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Working Capital (WC)
The amount of current assets that...
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NAICS
NAICS codes are common...
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Defense Contractor
Any person who enters into...
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GPM%
The measure of every sales dollar left...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Current Liabilities
A balance sheet item, which...
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Electronic Data Interchange
Transmission of information bet...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Phase 1
Process used to determine the...
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Days Receivable
A measure of the average time a...
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Credit Elsewhere Test (CET)
The test to determine the...
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Contracting Officer
A person with the authority to...
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Cash-basis Accounting
records revenue when cash is...
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