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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Sole Proprietor
an individual who...
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Defense Contractor
Any person who enters into...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Cash-basis Accounting
records revenue when cash is...
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Working Capital (WC)
The amount of current assets that...
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Applicant Entity
The business entity requesting...
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S-Corporation
A form of corporation, allowed by...
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Applicant/Co-Applicant
Business entity and person requesting...
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Applicant Individual
aka who is requesting an SBA loan...
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Projection
An estimate of future economic or...
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Physical Loans
Funds to repair/replace dis...
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Break-even Analysis
A calculation of the approximate sales...
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