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
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.
Duplicated Interest
The amount of interest exp...
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Current Assets
A balance sheet item which equals...
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Applicant Individual
aka who is requesting an SBA loan...
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Injury Analysis
Measures the effects of...
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Primary Activity
The major business activity of...
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Subcontract
A contract between a prime cont...
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Extraordinary Items
Additional expenses that are...
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Subsidiary
A company for which a majority of the...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Principal
the owner(s) of the Applicant Entity that...
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Phase 2
Process to be used to determine economic injury for...
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Fair and Reasonable Price
A price that is fair to both parties...
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Defense Contractor
Any person who enters into...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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