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 Individual
Individual requesting disaster loan assistance.
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.
Applicant/Co-Applicant
Business entity and person requesting...
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Depreciation
A non-cash operating expense that...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Principal
the owner(s) of the Applicant Entity that...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Guarantor
The legal entity and...
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Partnership
A type of unincorporated business org...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Lien
A legal claim against an...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Affiliate
Business concerns are affiliates if one concern...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Phase 1
Process used to determine the...
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Phase 2
Process to be used to determine economic injury for...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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