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
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.
Small Business
A business smaller than...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Phase 2
Process to be used to determine economic injury for...
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Hardship Waiver
Method used to approve a...
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Full and Open Competition
With respect to a contract action...
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Affiliates
Business concerns, organizations, or...
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Primary Activity
The major business activity of...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Equity
An accounting term used to...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Break-even Analysis
A calculation of the approximate sales...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Cash Flow Test
Part of the CET that determines if...
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Credit Elsewhere Test (CET)
The test to determine the...
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