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.
Working Capital (WC)
The amount of current assets that...
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Request for Proposal (RFP)
A document outlining a...
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Affiliated Group
When two or more...
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Lien
A legal claim against an...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Mentor
A business, usually large, or...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Applicant Entity
The business entity requesting...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Principal
the owner(s) of the Applicant Entity that...
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GPM%
The measure of every sales dollar left...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Projection
An estimate of future economic or...
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Contractor Team Arrangement
An arrangement in which...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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