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.
Duplicated Interest
The amount of interest exp...
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Protégé
A firm in a developmental stage that...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Applicant Individual
aka who is requesting an SBA loan...
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Normal Gross Margin
The margin that would have been...
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Equity
An accounting term used to...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Phase 1
Process used to determine the...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Hardship Waiver
Method used to approve a...
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NAICS
NAICS codes are common...
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Contract
A mutually binding legal rel..
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Normal Annual Sales
Those sales that would have...
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Credit Elsewhere Test (CET)
The test to determine the...
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Business Activity
The business (or loss) activity of...
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