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
Duplicated Interest
The amount of interest expensed that is added back to cash flow to prevent understating CASAD.
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.
Liabilities
A financial obligation...
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Credit Elsewhere Test (CET)
The test to determine the...
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Operating Leases
are deducted on the company’s...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Depreciation
A non-cash operating expense that...
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Applicant/Co-Applicant
Business entity and person requesting...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Companion File
When an applicant has another application filed...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Mentor
A business, usually large, or...
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Principal
the owner(s) of the Applicant Entity that...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Electronic Data Interchange
Transmission of information bet...
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