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
Injury Analysis
Measures the effects of the disaster on the overall financial condition of the business.
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.
Phase 1
Process used to determine the...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Cash-basis Accounting
records revenue when cash is...
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Subsidiary
A company for which a majority of the...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Injury Analysis
Measures the effects of...
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Fair and Reasonable Price
A price that is fair to both parties...
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Contracting Officer
A person with the authority to...
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Current Liabilities
A balance sheet item, which...
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Credit Score Test
Part of the home loan CET show a...
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Subcontract
A contract between a prime cont...
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Break-even Analysis
A calculation of the approximate sales...
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Small Disadvantaged Business Concern
A small business concern that...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Guarantor
The legal entity and...
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