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
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.
Hardship Waiver
Method used to approve a...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Guarantor
The legal entity and...
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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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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Acquisition
The acquiring of supplies or...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Limited Partnership
A business organization with one or...
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Normal Annual Sales
Those sales that would have...
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Normal Gross Margin
The margin that would have been...
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Corporation (C-corp.)
The most common form of business org...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Applicant Individual
aka who is requesting an SBA loan...
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