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.
Best and Final Offer
For negotiated procurements...
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Intermediary Organization
Organizations that play a funda...
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Applicant/Co-Applicant
Business entity and person requesting...
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Injury Period
The time period during...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Phase 1
Process used to determine the...
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Collateral
Assets pledged by a borrower to secure a loan...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Limited Partnership
A business organization with one or...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Capital Leases
are for the purchase of fixed assets such as...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Working Capital (WC)
The amount of current assets that...
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