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
Working Capital (WC)
The amount of current assets that is left after all current debts are paid.
Updated on
September 8, 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.
Assets
The amount of current assets that is left...
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Comparative Analysis
Is designed to point out significant trends that...
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Equity
An accounting term used to...
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Principal
the owner(s) of the Applicant Entity that...
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Best and Final Offer
For negotiated procurements...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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Current Assets
A balance sheet item which equals...
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Acquisition
The acquiring of supplies or...
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Depreciation
A non-cash operating expense that...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Protégé
A firm in a developmental stage that...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Credit Score Test
Part of the home loan CET show a...
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