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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Glossary
SBA Terms
Source: SBA.gov
Business Activity
The business (or loss) activity of the applicant business prior to any consideration of affiliation.
Updated on
September 9, 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.
Subcontract
A contract between a prime cont...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Protégé
A firm in a developmental stage that...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Working Capital (WC)
The amount of current assets that...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Mentor
A business, usually large, or...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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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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Joint Venture
In the SBA Mentor-Protégé Program...
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Limited Partnership
A business organization with one or...
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Income Statement
Shows the entity’s income and...
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Extraordinary Items
Additional expenses that are...
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