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
Adjusted Net Worth
Post disaster fair market value of tangible assets, less liabilities, within certain restrictions.
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.
Partnership
A type of unincorporated business org...
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Income Statement
Shows the entity’s income and...
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Acquisition
The acquiring of supplies or...
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Certificate of Competency
A certificate issued by the Small Bus...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Applicant Entity
The business entity requesting...
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Companion File
When an applicant has another application filed...
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Comparative Analysis
Is designed to point out significant trends that...
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Current Assets
A balance sheet item which equals...
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Depreciation
A non-cash operating expense that...
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Subcontract
A contract between a prime cont...
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Collateral
Assets pledged by a borrower to secure a loan...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Operating Leases
are deducted on the company’s...
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