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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Cash Flow Test
Part of the CET that determines if...
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Lien
A legal claim against an...
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Business Activity
The business (or loss) activity of...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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NAICS
NAICS codes are common...
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Partnership
A type of unincorporated business org...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Substantial Damage
This means uninsured or otherwise uncompensated...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Phase 2
Process to be used to determine economic injury for...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Electronic Data Interchange
Transmission of information bet...
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Fair and Reasonable Price
A price that is fair to both parties...
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