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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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.
Assets
The amount of current assets that is left...
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Trend Analysis
A comparative analysis of...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Applicant Individual
aka who is requesting an SBA loan...
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Lien
A legal claim against an...
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Subcontract
A contract between a prime cont...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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SCORE
Counselors to America's Small Bus...
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S-Corporation
A form of corporation, allowed by...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Depreciation
A non-cash operating expense that...
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Companion File
When an applicant has another application filed...
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Adjusted Net Worth
Post disaster fair market value of tangible...
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Injury Period
The time period during...
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