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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Joint Venture
In the SBA Mentor-Protégé Program...
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SCORE
Counselors to America's Small Bus...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Applicant/Co-Applicant
Business entity and person requesting...
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Contractor Team Arrangement
An arrangement in which...
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GPM%
The measure of every sales dollar left...
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Principal
the owner(s) of the Applicant Entity that...
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Applicant Individual
aka who is requesting an SBA loan...
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Current Assets
A balance sheet item which equals...
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Full and Open Competition
With respect to a contract action...
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Capital Leases
are for the purchase of fixed assets such as...
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Normal Gross Margin
The margin that would have been...
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Subsidiary
A company for which a majority of the...
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