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.
Partnering
A mutually beneficial business-to-bus...
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GPM%
The measure of every sales dollar left...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Sole Proprietor
an individual who...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Projection
An estimate of future economic or...
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Applicant Entity
The business entity requesting...
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Companion File
When an applicant has another application filed...
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Best and Final Offer
For negotiated procurements...
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Hardship Waiver
Method used to approve a...
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Equity
An accounting term used to...
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Principal
the owner(s) of the Applicant Entity that...
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Contracting
Purchasing, renting, leasing, or...
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Amortization
A non-cash operating expense that...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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