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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Learn
How to Get an SBA Loan
Apply Online ->
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Glossary
SBA Terms
Source: SBA.gov
Applicant Entity
The LLC, Partnership, Trust or Corporation 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.
Phase 1
Process used to determine the...
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GPM%
The measure of every sales dollar left...
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Best and Final Offer
For negotiated procurements...
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Current Liabilities
A balance sheet item, which...
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Acquisition
The acquiring of supplies or...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Protégé
A firm in a developmental stage that...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Intermediary Organization
Organizations that play a funda...
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Applicant Individual
aka who is requesting an SBA loan...
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Amortization
A non-cash operating expense that...
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Sole Proprietor
an individual who...
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