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.
Current Liabilities
A balance sheet item, which...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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S-Corporation
A form of corporation, allowed by...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Collateral
Assets pledged by a borrower to secure a loan...
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Principal
the owner(s) of the Applicant Entity that...
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Cash Flow Test
Part of the CET that determines if...
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Lien
A legal claim against an...
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Capital Leases
are for the purchase of fixed assets such as...
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Partnering
A mutually beneficial business-to-bus...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Credit Score Test
Part of the home loan CET show a...
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Corporation (C-corp.)
The most common form of business org...
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Current Assets
A balance sheet item which equals...
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