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
Cash-basis Accounting
records revenue when cash is received, and expenses when they are paid in cash
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.
Assets
The amount of current assets that is left...
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Negotiation
Contracting through the use of...
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Applicant/Co-Applicant
Business entity and person requesting...
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Defense Contractor
Any person who enters into...
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Prime Contract
A contract awarded directly...
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Affiliates
Business concerns, organizations, or...
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NAICS
NAICS codes are common...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Fair and Reasonable Price
A price that is fair to both parties...
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B/E (Business EIDL) Loan
A business loan that...
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Contractor Team Arrangement
An arrangement in which...
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Injury Period
The time period during...
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Corporation (C-corp.)
The most common form of business org...
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S-Corporation
A form of corporation, allowed by...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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