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.
Credit Elsewhere Test (CET)
The test to determine the...
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Contractor Team Arrangement
An arrangement in which...
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Normal Annual Sales
Those sales that would have...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Comparative Analysis
Is designed to point out significant trends that...
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Sole Proprietor
an individual who...
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SCORE
Counselors to America's Small Bus...
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Contracting Officer
A person with the authority to...
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Subcontract
A contract between a prime cont...
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B/E (Business EIDL) Loan
A business loan that...
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Full and Open Competition
With respect to a contract action...
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Primary Activity
The major business activity of...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Normal Gross Margin
The margin that would have been...
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Acquisition
The acquiring of supplies or...
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