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 ->
NEW: SBA Glossary ->
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Glossary
SBA Terms
Source: SBA.gov
Prime Contract
A contract awarded directly by the Federal government.
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.
Break-even Analysis
A calculation of the approximate sales...
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Injury Period
The time period during...
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B/E (Business EIDL) Loan
A business loan that...
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Primary Activity
The major business activity of...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Certificate of Competency
A certificate issued by the Small Bus...
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Days Receivable
A measure of the average time a...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Operating Leases
are deducted on the company’s...
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Capital Leases
are for the purchase of fixed assets such as...
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Assets
The amount of current assets that is left...
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Extraordinary Items
Additional expenses that are...
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Phase 2
Process to be used to determine economic injury for...
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