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
Applicant/Co-Applicant
The individual(s) or legal entity requesting disaster loan assistance.
Updated on
September 9, 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.
Normal Gross Margin
The margin that would have been...
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Affiliated Group
When two or more...
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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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Credit Elsewhere Test (CET)
The test to determine the...
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Contracting
Purchasing, renting, leasing, or...
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Emerging Small Business
A small business concern whose...
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Contractor Team Arrangement
An arrangement in which...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Extraordinary Items
Additional expenses that are...
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Mentor
A business, usually large, or...
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Guarantor
The legal entity and...
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Primary Activity
The major business activity of...
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Cash-basis Accounting
records revenue when cash is...
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Days Payable
A measure of the average time a...
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