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
Applicant Individual
Individual requesting disaster loan assistance.
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.
Certificate of Competency
A certificate issued by the Small Bus...
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Assets
The amount of current assets that is left...
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Partnering
A mutually beneficial business-to-bus...
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Income Statement
Shows the entity’s income and...
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GPM%
The measure of every sales dollar left...
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Injury Analysis
Measures the effects of...
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Primary Activity
The major business activity of...
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Companion File
When an applicant has another application filed...
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Current Liabilities
A balance sheet item, which...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Hardship Waiver
Method used to approve a...
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Small Business
A business smaller than...
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Negotiation
Contracting through the use of...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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B/E (Business EIDL) Loan
A business loan that...
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