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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Break-even Analysis
A calculation of the approximate sales...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Hardship Waiver
Method used to approve a...
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Normal Annual Sales
Those sales that would have...
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Affiliate
Business concerns are affiliates if one concern...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Days Payable
A measure of the average time a...
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Current Assets
A balance sheet item which equals...
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Applicant Individual
aka who is requesting an SBA loan...
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Partnership
A type of unincorporated business org...
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Full and Open Competition
With respect to a contract action...
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Request for Proposal (RFP)
A document outlining a...
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Operating Leases
are deducted on the company’s...
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