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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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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Cash Flow Test
Part of the CET that determines if...
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Fair and Reasonable Price
A price that is fair to both parties...
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Break-even Analysis
A calculation of the approximate sales...
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Contracting Officer
A person with the authority to...
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Contractor Team Arrangement
An arrangement in which...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Credit Score Test
Part of the home loan CET show a...
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Credit Elsewhere Test (CET)
The test to determine the...
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Contracting
Purchasing, renting, leasing, or...
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Protégé
A firm in a developmental stage that...
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Guarantor
The legal entity and...
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Days Payable
A measure of the average time a...
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Phase 2
Process to be used to determine economic injury for...
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Days Receivable
A measure of the average time a...
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