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.
Request for Proposal (RFP)
A document outlining a...
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Days Receivable
A measure of the average time a...
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Certificate of Competency
A certificate issued by the Small Bus...
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Collateral
Assets pledged by a borrower to secure a loan...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Cash-basis Accounting
records revenue when cash is...
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Affiliate
Business concerns are affiliates if one concern...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Phase 1
Process used to determine the...
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Days Payable
A measure of the average time a...
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Best and Final Offer
For negotiated procurements...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Projection
An estimate of future economic or...
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Cash Flow Test
Part of the CET that determines if...
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Current Assets
A balance sheet item which equals...
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