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 ->
NEW: SBA Glossary ->
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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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Primary Activity
The major business activity of...
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SCORE
Counselors to America's Small Bus...
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Physical Loans
Funds to repair/replace dis...
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Normal Annual Sales
Those sales that would have...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Hardship Waiver
Method used to approve a...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Extraordinary Items
Additional expenses that are...
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Companion File
When an applicant has another application filed...
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Assets
The amount of current assets that is left...
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Contracting Officer
A person with the authority to...
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Days Payable
A measure of the average time a...
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