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
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.
Small Business
A business smaller than...
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Lien
A legal claim against an...
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Equity
An accounting term used to...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Applicant/Co-Applicant
Business entity and person requesting...
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Cash-basis Accounting
records revenue when cash is...
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Contracting
Purchasing, renting, leasing, or...
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Intermediary Organization
Organizations that play a funda...
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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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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Affiliates
Business concerns, organizations, or...
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Fair and Reasonable Price
A price that is fair to both parties...
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Best and Final Offer
For negotiated procurements...
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Contract
A mutually binding legal rel..
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