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
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.
SCORE
Counselors to America's Small Bus...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Affiliates
Business concerns, organizations, or...
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Affiliate
Business concerns are affiliates if one concern...
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Projection
An estimate of future economic or...
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Primary Activity
The major business activity of...
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Partnership
A type of unincorporated business org...
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Income Statement
Shows the entity’s income and...
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Hardship Waiver
Method used to approve a...
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Emerging Small Business
A small business concern whose...
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Credit Elsewhere Test (CET)
The test to determine the...
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Days Receivable
A measure of the average time a...
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Request for Proposal (RFP)
A document outlining a...
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Subcontract
A contract between a prime cont...
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Capital Leases
are for the purchase of fixed assets such as...
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