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 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.
Duplicated Interest
The amount of interest exp...
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Subsidiary
A company for which a majority of the...
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Applicant Entity
The business entity requesting...
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Partnership
A type of unincorporated business org...
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S-Corporation
A form of corporation, allowed by...
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Collateral
Assets pledged by a borrower to secure a loan...
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Certificate of Competency
A certificate issued by the Small Bus...
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Days Receivable
A measure of the average time a...
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Projection
An estimate of future economic or...
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Hardship Waiver
Method used to approve a...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Limited Partnership
A business organization with one or...
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Contracting Officer
A person with the authority to...
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