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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Latest SBA Loan Rates ->
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Learn
How to Get an SBA Loan
Apply Online ->
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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.
Small Business
A business smaller than...
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Equity
An accounting term used to...
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Affiliate
Business concerns are affiliates if one concern...
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Defense Contractor
Any person who enters into...
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Prime Contract
A contract awarded directly...
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B/E (Business EIDL) Loan
A business loan that...
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Fair and Reasonable Price
A price that is fair to both parties...
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Applicant/Co-Applicant
Business entity and person requesting...
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Break-even Analysis
A calculation of the approximate sales...
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Request for Proposal (RFP)
A document outlining a...
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Injury Analysis
Measures the effects of...
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Assets
The amount of current assets that is left...
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Credit Elsewhere Test (CET)
The test to determine the...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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