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
Applicant/Co-Applicant
The individual(s) or legal entity requesting disaster loan assistance.
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.
Subsidiary
A company for which a majority of the...
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NAICS
NAICS codes are common...
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Cash-basis Accounting
records revenue when cash is...
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Contractor Team Arrangement
An arrangement in which...
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Operating Leases
are deducted on the company’s...
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Guarantor
The legal entity and...
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Best and Final Offer
For negotiated procurements...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Applicant/Co-Applicant
Business entity and person requesting...
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Credit Score Test
Part of the home loan CET show a...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Normal Annual Sales
Those sales that would have...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Equity
An accounting term used to...
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Sole Proprietor
an individual who...
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