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.
GPM%
The measure of every sales dollar left...
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Certificate of Competency
A certificate issued by the Small Bus...
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Projection
An estimate of future economic or...
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Prime Contract
A contract awarded directly...
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Break-even Analysis
A calculation of the approximate sales...
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Credit Score Test
Part of the home loan CET show a...
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Affiliated Group
When two or more...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Small Business
A business smaller than...
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Electronic Data Interchange
Transmission of information bet...
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Current Liabilities
A balance sheet item, which...
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Guarantor
The legal entity and...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Normal Gross Margin
The margin that would have been...
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