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
Business Activity
The business (or loss) activity of the applicant business prior to any consideration of affiliation.
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.
Break-even Analysis
A calculation of the approximate sales...
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Applicant/Co-Applicant
Business entity and person requesting...
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Primary Activity
The major business activity of...
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Limited Partnership
A business organization with one or...
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Small Business
A business smaller than...
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Companion File
When an applicant has another application filed...
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Phase 1
Process used to determine the...
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Comparative Analysis
Is designed to point out significant trends that...
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Affiliate
Business concerns are affiliates if one concern...
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Phase 2
Process to be used to determine economic injury for...
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Current Liabilities
A balance sheet item, which...
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S-Corporation
A form of corporation, allowed by...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Mentor
A business, usually large, or...
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Contracting Officer
A person with the authority to...
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