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
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.
Sole Proprietor
an individual who...
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Cash Flow Test
Part of the CET that determines if...
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Prime Contract
A contract awarded directly...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Normal Annual Sales
Those sales that would have...
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Capital Leases
are for the purchase of fixed assets such as...
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Small Disadvantaged Business Concern
A small business concern that...
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Phase 1
Process used to determine the...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Comparative Analysis
Is designed to point out significant trends that...
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Amortization
A non-cash operating expense that...
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Request for Proposal (RFP)
A document outlining a...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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S-Corporation
A form of corporation, allowed by...
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Partnering
A mutually beneficial business-to-bus...
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