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.
Affiliate
Business concerns are affiliates if one concern...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Phase 2
Process to be used to determine economic injury for...
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Credit Elsewhere Test (CET)
The test to determine the...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Limited Partnership
A business organization with one or...
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Assets
The amount of current assets that is left...
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Contract
A mutually binding legal rel..
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Corporation (C-corp.)
The most common form of business org...
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Electronic Data Interchange
Transmission of information bet...
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Current Assets
A balance sheet item which equals...
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Applicant Individual
aka who is requesting an SBA loan...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Cash-basis Accounting
records revenue when cash is...
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Current Liabilities
A balance sheet item, which...
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