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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How to Get an SBA Loan
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Glossary
SBA Terms
Source: SBA.gov
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that spells out the terms and conditions of the loan.
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.
Primary Activity
The major business activity of...
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Days Payable
A measure of the average time a...
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Certificate of Competency
A certificate issued by the Small Bus...
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Mentor
A business, usually large, or...
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Capital Leases
are for the purchase of fixed assets such as...
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Prime Contract
A contract awarded directly...
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NAICS
NAICS codes are common...
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Credit Score Test
Part of the home loan CET show a...
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Assets
The amount of current assets that is left...
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Amortization
A non-cash operating expense that...
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Affiliated Group
When two or more...
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Income Statement
Shows the entity’s income and...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Partnering
A mutually beneficial business-to-bus...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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