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.
Hardship Waiver
Method used to approve a...
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B/E (Business EIDL) Loan
A business loan that...
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Cash-basis Accounting
records revenue when cash is...
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Normal Gross Margin
The margin that would have been...
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Depreciation
A non-cash operating expense that...
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Limited Partnership
A business organization with one or...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Working Capital (WC)
The amount of current assets that...
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Affiliate
Business concerns are affiliates if one concern...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Current Liabilities
A balance sheet item, which...
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Projection
An estimate of future economic or...
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Contractor Team Arrangement
An arrangement in which...
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NAICS
NAICS codes are common...
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