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
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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Partnering
A mutually beneficial business-to-bus...
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Subsidiary
A company for which a majority of the...
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Amortization
A non-cash operating expense that...
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Capital Leases
are for the purchase of fixed assets such as...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Assets
The amount of current assets that is left...
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Working Capital (WC)
The amount of current assets that...
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Collateral
Assets pledged by a borrower to secure a loan...
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NAICS
NAICS codes are common...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Corporation (C-corp.)
The most common form of business org...
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Fair and Reasonable Price
A price that is fair to both parties...
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Normal Annual Sales
Those sales that would have...
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Equity
An accounting term used to...
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