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 ->
Get Prequalified
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
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.
Collateral
Assets pledged by a borrower to secure a loan...
Go to full definition ->
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Go to full definition ->
Partnership
A type of unincorporated business org...
Go to full definition ->
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Go to full definition ->
Fair and Reasonable Price
A price that is fair to both parties...
Go to full definition ->
Request for Proposal (RFP)
A document outlining a...
Go to full definition ->
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Go to full definition ->
Liabilities
A financial obligation...
Go to full definition ->
Adjusted Net Worth
Post disaster fair market value of tangible...
Go to full definition ->
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Go to full definition ->
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Go to full definition ->
Partnering
A mutually beneficial business-to-bus...
Go to full definition ->
Primary Activity
The major business activity of...
Go to full definition ->
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Go to full definition ->
Equity
An accounting term used 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
