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.
Small Disadvantaged Business Concern
A small business concern that...
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Days Payable
A measure of the average time a...
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Applicant/Co-Applicant
Business entity and person requesting...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Certificate of Competency
A certificate issued by the Small Bus...
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Lien
A legal claim against an...
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Hardship Waiver
Method used to approve a...
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Subsidiary
A company for which a majority of the...
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Duplicated Interest
The amount of interest exp...
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Prime Contract
A contract awarded directly...
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Cash-basis Accounting
records revenue when cash is...
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Affiliated Group
When two or more...
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Partnership
A type of unincorporated business org...
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Full and Open Competition
With respect to a contract action...
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Partnering
A mutually beneficial business-to-bus...
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