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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How to Get an SBA Loan
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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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Prime Contract
A contract awarded directly...
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Contracting Officer
A person with the authority to...
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Contracting
Purchasing, renting, leasing, or...
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Affiliated Group
When two or more...
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Extraordinary Items
Additional expenses that are...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Current Liabilities
A balance sheet item, which...
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Companion File
When an applicant has another application filed...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Capital Leases
are for the purchase of fixed assets such as...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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