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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Latest SBA Loan Rates ->
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Glossary
SBA Terms
Source: SBA.gov
Extraordinary Items
Additional expenses that are outside “normal” operations and caused directly by the disaster.
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.
Duplicated Interest
The amount of interest exp...
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Working Capital (WC)
The amount of current assets that...
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Primary Activity
The major business activity of...
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Applicant/Co-Applicant
Business entity and person requesting...
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Subsidiary
A company for which a majority of the...
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Principal
the owner(s) of the Applicant Entity that...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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SCORE
Counselors to America's Small Bus...
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Cash Flow Test
Part of the CET that determines if...
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Fair and Reasonable Price
A price that is fair to both parties...
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Operating Leases
are deducted on the company’s...
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Contractor Team Arrangement
An arrangement in which...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Liabilities
A financial obligation...
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