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
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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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Subcontract
A contract between a prime cont...
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Collateral
Assets pledged by a borrower to secure a loan...
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Request for Proposal (RFP)
A document outlining a...
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Assets
The amount of current assets that is left...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Full and Open Competition
With respect to a contract action...
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Normal Gross Margin
The margin that would have been...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Prime Contract
A contract awarded directly...
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Days Receivable
A measure of the average time a...
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Applicant Individual
aka who is requesting an SBA loan...
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Companion File
When an applicant has another application filed...
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S-Corporation
A form of corporation, allowed by...
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