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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How to Get an SBA Loan
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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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Subcontract
A contract between a prime cont...
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Income Statement
Shows the entity’s income and...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Applicant Individual
aka who is requesting an SBA loan...
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GPM%
The measure of every sales dollar left...
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Contract
A mutually binding legal rel..
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Days Payable
A measure of the average time a...
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Contractor Team Arrangement
An arrangement in which...
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Companion File
When an applicant has another application filed...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Hardship Waiver
Method used to approve a...
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Cash Flow Test
Part of the CET that determines if...
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SCORE
Counselors to America's Small Bus...
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