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
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.
Partnering
A mutually beneficial business-to-bus...
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Credit Elsewhere Test (CET)
The test to determine the...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Normal Annual Sales
Those sales that would have...
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Applicant Individual
aka who is requesting an SBA loan...
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Affiliated Group
When two or more...
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Cash Flow Test
Part of the CET that determines if...
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Injury Analysis
Measures the effects of...
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Trend Analysis
A comparative analysis of...
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Applicant/Co-Applicant
Business entity and person requesting...
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Extraordinary Items
Additional expenses that are...
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GPM%
The measure of every sales dollar left...
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Mentor
A business, usually large, or...
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Equity
An accounting term used to...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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