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
Liabilities
A financial obligation, debt, or claim, i.e. notes payable and accounts payable.
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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Operating Leases
are deducted on the company’s...
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Companion File
When an applicant has another application filed...
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Protégé
A firm in a developmental stage that...
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Defense Contractor
Any person who enters into...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Fair and Reasonable Price
A price that is fair to both parties...
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Comparative Analysis
Is designed to point out significant trends that...
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Lien
A legal claim against an...
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Partnering
A mutually beneficial business-to-bus...
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Small Disadvantaged Business Concern
A small business concern that...
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Cash-basis Accounting
records revenue when cash is...
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Days Payable
A measure of the average time a...
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Current Assets
A balance sheet item which equals...
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