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.
Current Liabilities
A balance sheet item, which...
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Days Receivable
A measure of the average time a...
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Subcontract
A contract between a prime cont...
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Physical Loans
Funds to repair/replace dis...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Intermediary Organization
Organizations that play a funda...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Credit Score Test
Part of the home loan CET show a...
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Normal Gross Margin
The margin that would have been...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Applicant/Co-Applicant
Business entity and person requesting...
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Cash Flow Test
Part of the CET that determines if...
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Small Disadvantaged Business Concern
A small business concern that...
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Days Payable
A measure of the average time a...
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