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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How to Get an SBA Loan
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Glossary
SBA Terms
Source: SBA.gov
Income Statement
Shows the entity’s income and expenses. (similar to a Profit & Loss Statement)
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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SCORE
Counselors to America's Small Bus...
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Defense Contractor
Any person who enters into...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Injury Analysis
Measures the effects of...
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Fair and Reasonable Price
A price that is fair to both parties...
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Prime Contract
A contract awarded directly...
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Small Business
A business smaller than...
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Applicant Individual
aka who is requesting an SBA loan...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Projection
An estimate of future economic or...
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Sole Proprietor
an individual who...
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Extraordinary Items
Additional expenses that are...
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Joint Venture
In the SBA Mentor-Protégé Program...
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