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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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.
Cash-basis Accounting
records revenue when cash is...
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Operating Leases
are deducted on the company’s...
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Cash Flow Test
Part of the CET that determines if...
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Partnership
A type of unincorporated business org...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Companion File
When an applicant has another application filed...
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Income Statement
Shows the entity’s income and...
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Current Liabilities
A balance sheet item, which...
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Subsidiary
A company for which a majority of the...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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SCORE
Counselors to America's Small Bus...
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Extraordinary Items
Additional expenses that are...
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Defense Contractor
Any person who enters into...
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Limited Partnership
A business organization with one or...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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