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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How to Get an SBA Loan
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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.
Operating Leases
are deducted on the company’s...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Guarantor
The legal entity and...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Affiliate
Business concerns are affiliates if one concern...
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Contracting
Purchasing, renting, leasing, or...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Current Assets
A balance sheet item which equals...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Duplicated Interest
The amount of interest exp...
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NAICS
NAICS codes are common...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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