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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How to Get an SBA Loan
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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.
Full and Open Competition
With respect to a contract action...
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Break-even Analysis
A calculation of the approximate sales...
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Mentor
A business, usually large, or...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Affiliates
Business concerns, organizations, or...
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Credit Score Test
Part of the home loan CET show a...
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Income Statement
Shows the entity’s income and...
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Cash Flow Test
Part of the CET that determines if...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Phase 1
Process used to determine the...
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Fair and Reasonable Price
A price that is fair to both parties...
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Amortization
A non-cash operating expense that...
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Assets
The amount of current assets that is left...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Small Disadvantaged Business Concern
A small business concern that...
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