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.
Emerging Small Business
A small business concern whose...
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Intermediary Organization
Organizations that play a funda...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Applicant Entity
The business entity requesting...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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NAICS
NAICS codes are common...
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Credit Score Test
Part of the home loan CET show a...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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Mentor
A business, usually large, or...
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Business Activity
The business (or loss) activity of...
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Joint Venture
In the SBA Mentor-Protégé Program...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Assets
The amount of current assets that is left...
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Affiliate
Business concerns are affiliates if one concern...
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Collateral
Assets pledged by a borrower to secure a loan...
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