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
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.
Mentor
A business, usually large, or...
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Extraordinary Items
Additional expenses that are...
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Sole Proprietor
an individual who...
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Cash Flow Test
Part of the CET that determines if...
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Break-even Analysis
A calculation of the approximate sales...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Physical Loans
Funds to repair/replace dis...
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Days Payable
A measure of the average time a...
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Small Business
A business smaller than...
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Contracting Officer
A person with the authority to...
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Applicant Individual
aka who is requesting an SBA loan...
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Credit Elsewhere Test (CET)
The test to determine the...
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Request for Proposal (RFP)
A document outlining a...
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Current Assets
A balance sheet item which equals...
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Income Statement
Shows the entity’s income and...
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