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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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.
Applicant Entity
The business entity requesting...
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Affiliates
Business concerns, organizations, or...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Subsidiary
A company for which a majority of the...
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SCORE
Counselors to America's Small Bus...
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Contract
A mutually binding legal rel..
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Contracting
Purchasing, renting, leasing, or...
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Emerging Small Business
A small business concern whose...
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Injury Period
The time period during...
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Credit Elsewhere Test (CET)
The test to determine the...
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Depreciation
A non-cash operating expense that...
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Working Capital (WC)
The amount of current assets that...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Cash Flow Test
Part of the CET that determines if...
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