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
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.
Subcontract
A contract between a prime cont...
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Current Liabilities
A balance sheet item, which...
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Certificate of Competency
A certificate issued by the Small Bus...
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Small Disadvantaged Business Concern
A small business concern that...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Trend Analysis
A comparative analysis of...
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Cash Flow Test
Part of the CET that determines if...
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Prime Contract
A contract awarded directly...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Fair and Reasonable Price
A price that is fair to both parties...
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Affiliate
Business concerns are affiliates if one concern...
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GPM%
The measure of every sales dollar left...
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Companion File
When an applicant has another application filed...
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Duplicated Interest
The amount of interest exp...
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Current Assets
A balance sheet item which equals...
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