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 ->
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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.
Collateral
Assets pledged by a borrower to secure a loan...
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Small Disadvantaged Business Concern
A small business concern that...
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Prime Contract
A contract awarded directly...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Electronic Data Interchange
Transmission of information bet...
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Equity
An accounting term used to...
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Protégé
A firm in a developmental stage that...
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Phase 2
Process to be used to determine economic injury for...
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Amortization
A non-cash operating expense that...
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Contracting
Purchasing, renting, leasing, or...
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Sole Proprietor
an individual who...
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Depreciation
A non-cash operating expense that...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Duplicated Interest
The amount of interest exp...
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Mentor
A business, usually large, or...
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