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
Working Capital (WC)
The amount of current assets that is left after all current debts are paid.
Updated on
September 8, 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.
Guarantor
The legal entity and...
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Subsidiary
A company for which a majority of the...
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Depreciation
A non-cash operating expense that...
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Business Activity
The business (or loss) activity of...
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Small Disadvantaged Business Concern
A small business concern that...
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Corporation (C-corp.)
The most common form of business org...
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Projection
An estimate of future economic or...
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GPM%
The measure of every sales dollar left...
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Days Receivable
A measure of the average time a...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Phase 2
Process to be used to determine economic injury for...
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Credit Elsewhere Test (CET)
The test to determine the...
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Prime Contract
A contract awarded directly...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Credit Score Test
Part of the home loan CET show a...
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