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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Glossary
SBA Terms
Source: SBA.gov
NAICS
North American Industrial Classification System
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.
Current Assets
A balance sheet item which equals...
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Duplicated Interest
The amount of interest exp...
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Injury Period
The time period during...
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Principal
the owner(s) of the Applicant Entity that...
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Affiliate
Business concerns are affiliates if one concern...
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Protégé
A firm in a developmental stage that...
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Physical Loans
Funds to repair/replace dis...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Credit Elsewhere Test (CET)
The test to determine the...
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Extraordinary Items
Additional expenses that are...
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NAICS
NAICS codes are common...
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Partnership
A type of unincorporated business org...
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Amortization
A non-cash operating expense that...
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Small Disadvantaged Business Concern
A small business concern that...
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Days Receivable
A measure of the average time a...
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