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 ->
NEW: SBA Glossary ->
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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.
Corporation (C-corp.)
The most common form of business org...
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Amortization
A non-cash operating expense that...
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Acquisition
The acquiring of supplies or...
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Electronic Data Interchange
Transmission of information bet...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Negotiation
Contracting through the use of...
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Phase 1
Process used to determine the...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Certificate of Competency
A certificate issued by the Small Bus...
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Normal Annual Sales
Those sales that would have...
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Principal
the owner(s) of the Applicant Entity that...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Business Activity
The business (or loss) activity of...
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Current Liabilities
A balance sheet item, which...
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