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.
Amortization
A non-cash operating expense that...
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Electronic Data Interchange
Transmission of information bet...
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Credit Score Test
Part of the home loan CET show a...
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Contracting
Purchasing, renting, leasing, or...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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GPM%
The measure of every sales dollar left...
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Extraordinary Items
Additional expenses that are...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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Sole Proprietor
an individual who...
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Phase 1
Process used to determine the...
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Acquisition
The acquiring of supplies or...
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Credit Elsewhere Test (CET)
The test to determine the...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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