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.
Working Capital (WC)
The amount of current assets that...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Equity
An accounting term used to...
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Credit Elsewhere Test (CET)
The test to determine the...
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Trend Analysis
A comparative analysis of...
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Break-even Analysis
A calculation of the approximate sales...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Small Disadvantaged Business Concern
A small business concern that...
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Capital Leases
are for the purchase of fixed assets such as...
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Companion File
When an applicant has another application filed...
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Applicant/Co-Applicant
Business entity and person requesting...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Amortization
A non-cash operating expense that...
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Subcontract
A contract between a prime cont...
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