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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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.
Contracting
Purchasing, renting, leasing, or...
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Certificate of Competency
A certificate issued by the Small Bus...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Equity
An accounting term used to...
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Primary Activity
The major business activity of...
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Injury Period
The time period during...
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Contract
A mutually binding legal rel..
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Lien
A legal claim against an...
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Comparative Analysis
Is designed to point out significant trends that...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Days Receivable
A measure of the average time a...
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Operating Leases
are deducted on the company’s...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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