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.
Credit Elsewhere Test (CET)
The test to determine the...
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Negotiation
Contracting through the use of...
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Injury Analysis
Measures the effects of...
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Applicant Individual
aka who is requesting an SBA loan...
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Contractor Team Arrangement
An arrangement in which...
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GPM%
The measure of every sales dollar left...
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Affiliate
Business concerns are affiliates if one concern...
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Defense Contractor
Any person who enters into...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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SCORE
Counselors to America's Small Bus...
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Days Payable
A measure of the average time a...
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Cash Flow Test
Part of the CET that determines if...
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Applicant Entity
The business entity requesting...
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Duplicated Interest
The amount of interest exp...
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Contracting
Purchasing, renting, leasing, or...
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