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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Latest SBA Loan Rates ->
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Glossary
SBA Terms
Source: SBA.gov
Injury Period
The time period during which the business feels the adverse effects of the disaster.
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.
Cash-basis Accounting
records revenue when cash is...
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Operating Leases
are deducted on the company’s...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Duplicated Interest
The amount of interest exp...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Amortization
A non-cash operating expense that...
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B/E (Business EIDL) Loan
A business loan that...
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Liabilities
A financial obligation...
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Days Payable
A measure of the average time a...
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Working Capital (WC)
The amount of current assets that...
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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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Guarantor
The legal entity and...
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Normal Annual Sales
Those sales that would have...
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Request for Proposal (RFP)
A document outlining a...
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