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.
SCORE
Counselors to America's Small Bus...
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Hardship Waiver
Method used to approve a...
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Applicant Individual
aka who is requesting an SBA loan...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Duplicated Interest
The amount of interest exp...
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Projection
An estimate of future economic or...
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Companion File
When an applicant has another application filed...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Physical Loans
Funds to repair/replace dis...
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Phase 2
Process to be used to determine economic injury for...
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Normal Annual Sales
Those sales that would have...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Affiliated Group
When two or more...
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