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
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.
Affiliate
Business concerns are affiliates if one concern...
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Normal Annual Sales
Those sales that would have...
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Applicant Individual
aka who is requesting an SBA loan...
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Fair and Reasonable Price
A price that is fair to both parties...
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Acquisition
The acquiring of supplies or...
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Intermediary Organization
Organizations that play a funda...
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Collateral
Assets pledged by a borrower to secure a loan...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Days Payable
A measure of the average time a...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Applicant/Co-Applicant
Business entity and person requesting...
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Phase 1
Process used to determine the...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Joint Venture
In the SBA Mentor-Protégé Program...
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S-Corporation
A form of corporation, allowed by...
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