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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How to Get an SBA Loan
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Glossary
SBA Terms
Source: SBA.gov
Current Liabilities
A balance sheet item, which equals the sum of all money owed by a company and due within one year.
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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Subcontract
A contract between a prime cont...
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Electronic Data Interchange
Transmission of information bet...
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Defense Contractor
Any person who enters into...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Assets
The amount of current assets that is left...
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Certificate of Competency
A certificate issued by the Small Bus...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Hardship Waiver
Method used to approve a...
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Break-even Analysis
A calculation of the approximate sales...
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Current Assets
A balance sheet item which equals...
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Applicant Entity
The business entity requesting...
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Corporation (C-corp.)
The most common form of business org...
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Extraordinary Items
Additional expenses that are...
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Comparative Analysis
Is designed to point out significant trends that...
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