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
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.
Collateral
Assets pledged by a borrower to secure a loan...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Sole Proprietor
an individual who...
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Projection
An estimate of future economic or...
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Guarantor
The legal entity and...
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Contract
A mutually binding legal rel..
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Days Payable
A measure of the average time a...
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Subsidiary
A company for which a majority of the...
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Affiliated Group
When two or more...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Equity
An accounting term used to...
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Contracting
Purchasing, renting, leasing, or...
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Hardship Waiver
Method used to approve a...
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