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
Sole Proprietor
an individual who owns an unincorporated business by himself/ or herself.
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.
B/E (Business EIDL) Loan
A business loan that...
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Credit Elsewhere Test (CET)
The test to determine the...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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GPM%
The measure of every sales dollar left...
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Capital Leases
are for the purchase of fixed assets such as...
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Small Disadvantaged Business Concern
A small business concern that...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Partnership
A type of unincorporated business org...
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Electronic Data Interchange
Transmission of information bet...
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Intermediary Organization
Organizations that play a funda...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Lien
A legal claim against an...
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Full and Open Competition
With respect to a contract action...
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Affiliates
Business concerns, organizations, or...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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