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
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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Credit Elsewhere Test (CET)
The test to determine the...
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Phase 2
Process to be used to determine economic injury for...
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Days Payable
A measure of the average time a...
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NAICS
NAICS codes are common...
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Intermediary Organization
Organizations that play a funda...
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Equity
An accounting term used to...
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Defense Contractor
Any person who enters into...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Affiliate
Business concerns are affiliates if one concern...
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Current Assets
A balance sheet item which equals...
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Electronic Data Interchange
Transmission of information bet...
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SCORE
Counselors to America's Small Bus...
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Projection
An estimate of future economic or...
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Current Liabilities
A balance sheet item, which...
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