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?
Explore the FAQs page ->
Latest SBA Loan Rates ->
NEW: SBA Glossary ->
Get Prequalified
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
Apply Here
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.
Duplicated Interest
The amount of interest exp...
Go to full definition ->
Equity
An accounting term used to...
Go to full definition ->
Cash-basis Accounting
records revenue when cash is...
Go to full definition ->
Contract
A mutually binding legal rel..
Go to full definition ->
Collateral
Assets pledged by a borrower to secure a loan...
Go to full definition ->
Contracting
Purchasing, renting, leasing, or...
Go to full definition ->
Standard Industrial Classification (SIC) Code
A code representing a category within...
Go to full definition ->
Applicant Entity
The business entity requesting...
Go to full definition ->
Physical Loans
Funds to repair/replace dis...
Go to full definition ->
Full and Open Competition
With respect to a contract action...
Go to full definition ->
Working Capital (WC)
The amount of current assets that...
Go to full definition ->
Assets
The amount of current assets that is left...
Go to full definition ->
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Go to full definition ->
Mentor
A business, usually large, or...
Go to full definition ->
Corporation (C-corp.)
The most common form of business org...
Go to full definition ->
Get the quick rundown on SBA Loans
Join over 4,000+ small business owners already growing with us.
How it Works
