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.
Applicant/Co-Applicant
Business entity and person requesting...
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Prime Contract
A contract awarded directly...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Emerging Small Business
A small business concern whose...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Days Receivable
A measure of the average time a...
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Current Liabilities
A balance sheet item, which...
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GPM%
The measure of every sales dollar left...
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Cash-basis Accounting
records revenue when cash is...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Partnership
A type of unincorporated business org...
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S-Corporation
A form of corporation, allowed by...
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Current Assets
A balance sheet item which equals...
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Business Activity
The business (or loss) activity of...
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