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
Income Statement
Shows the entity’s income and expenses. (similar to a Profit & Loss Statement)
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.
Hardship Waiver
Method used to approve a...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Contracting
Purchasing, renting, leasing, or...
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NAICS
NAICS codes are common...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Applicant/Co-Applicant
Business entity and person requesting...
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Assets
The amount of current assets that is left...
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Negotiation
Contracting through the use of...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Guarantor
The legal entity and...
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Trend Analysis
A comparative analysis of...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Applicant Individual
aka who is requesting an SBA loan...
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