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
Best and Final Offer
For negotiated procurements, a contractor's final offer following the conclusion of discussions.
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.
Mentor
A business, usually large, or...
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Break-even Analysis
A calculation of the approximate sales...
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Full and Open Competition
With respect to a contract action...
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Days Receivable
A measure of the average time a...
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Applicant Individual
aka who is requesting an SBA loan...
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Electronic Data Interchange
Transmission of information bet...
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Extraordinary Items
Additional expenses that are...
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B/E (Business EIDL) Loan
A business loan that...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Capital Leases
are for the purchase of fixed assets such as...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Partnering
A mutually beneficial business-to-bus...
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Guarantor
The legal entity and...
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Projection
An estimate of future economic or...
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Credit Score Test
Part of the home loan CET show a...
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