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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Subsidiary
A company for which a majority of the...
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Mentor
A business, usually large, or...
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Normal Gross Margin
The margin that would have been...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Contract
A mutually binding legal rel..
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Sole Proprietor
an individual who...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Affiliate
Business concerns are affiliates if one concern...
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Phase 2
Process to be used to determine economic injury for...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Acquisition
The acquiring of supplies or...
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Affiliated Group
When two or more...
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Contractor Team Arrangement
An arrangement in which...
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