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
Prime Contract
A contract awarded directly by the Federal government.
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.
Substantial Damage
This means uninsured or otherwise uncompensated...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Partnering
A mutually beneficial business-to-bus...
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Assets
The amount of current assets that is left...
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Affiliate
Business concerns are affiliates if one concern...
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Hardship Waiver
Method used to approve a...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Injury Analysis
Measures the effects of...
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Normal Annual Sales
Those sales that would have...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Acquisition
The acquiring of supplies or...
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Applicant Individual
aka who is requesting an SBA loan...
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SCORE
Counselors to America's Small Bus...
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