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.
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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Guarantor
The legal entity and...
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Income Statement
Shows the entity’s income and...
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Joint Venture
In the SBA Mentor-Protégé Program...
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Small Business
A business smaller than...
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Equity
An accounting term used to...
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Contractor Team Arrangement
An arrangement in which...
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Extraordinary Items
Additional expenses that are...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Capital Leases
are for the purchase of fixed assets such as...
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Principal
the owner(s) of the Applicant Entity that...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Current Assets
A balance sheet item which equals...
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