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
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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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S-Corporation
A form of corporation, allowed by...
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Certificate of Competency
A certificate issued by the Small Bus...
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Injury Analysis
Measures the effects of...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Partnership
A type of unincorporated business org...
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Normal Gross Margin
The margin that would have been...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Prime Contract
A contract awarded directly...
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Fair and Reasonable Price
A price that is fair to both parties...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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Current Assets
A balance sheet item which equals...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Applicant/Co-Applicant
Business entity and person requesting...
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Principal
the owner(s) of the Applicant Entity that...
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