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?
Explore the FAQs page ->
Latest SBA Loan Rates ->
NEW: SBA Glossary ->
Learn
How to Get an SBA Loan
Apply Online ->
Apply Online ->
Apply Online ->
Glossary
SBA Terms
Source: SBA.gov
Guarantor
The legal entity and/or person who guarantees an obligation and has a legal duty to fulfill it.
Updated on
September 9, 2022
Published on
June 20, 2018
Apply Here
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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Go to full definition ->
Income Statement
Shows the entity’s income and...
Go to full definition ->
Certificate of Competency
A certificate issued by the Small Bus...
Go to full definition ->
Contractor Team Arrangement
An arrangement in which...
Go to full definition ->
Full and Open Competition
With respect to a contract action...
Go to full definition ->
Partnering
A mutually beneficial business-to-bus...
Go to full definition ->
Business Activity
The business (or loss) activity of...
Go to full definition ->
Substantial Damage
This means uninsured or otherwise uncompensated...
Go to full definition ->
Duplicated Interest
The amount of interest exp...
Go to full definition ->
Equity
An accounting term used to...
Go to full definition ->
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Go to full definition ->
Affiliates
Business concerns, organizations, or...
Go to full definition ->
Cash-basis Accounting
records revenue when cash is...
Go to full definition ->
Liabilities
A financial obligation...
Go to full definition ->
Contracting Officer
A person with the authority to...
Go to full definition ->
Get the quick rundown on SBA Loans
Join over 4,000+ small business owners already growing with us.
How it Works
