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.
Injury Period
The time period during...
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Working Capital (WC)
The amount of current assets that...
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SCORE
Counselors to America's Small Bus...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Defense Contractor
Any person who enters into...
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Companion File
When an applicant has another application filed...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Break-even Analysis
A calculation of the approximate sales...
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Affiliates
Business concerns, organizations, or...
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Small Business
A business smaller than...
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Injury Analysis
Measures the effects of...
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Equity
An accounting term used to...
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Collateral
Assets pledged by a borrower to secure a loan...
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NAICS
NAICS codes are common...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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