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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Credit Elsewhere Test (CET)
The test to determine the...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Credit Score Test
Part of the home loan CET show a...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Subcontract
A contract between a prime cont...
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Certificate of Competency
A certificate issued by the Small Bus...
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S-Corporation
A form of corporation, allowed by...
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Contracting
Purchasing, renting, leasing, or...
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Current Liabilities
A balance sheet item, which...
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Collateral
Assets pledged by a borrower to secure a loan...
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Partnering
A mutually beneficial business-to-bus...
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