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
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that spells out the terms and conditions of the loan.
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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Affiliate
Business concerns are affiliates if one concern...
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Current Assets
A balance sheet item which equals...
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Limited Partnership
A business organization with one or...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Collateral
Assets pledged by a borrower to secure a loan...
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Business Activity
The business (or loss) activity of...
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Affiliates
Business concerns, organizations, or...
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Phase 1
Process used to determine the...
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Duplicated Interest
The amount of interest exp...
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GPM%
The measure of every sales dollar left...
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Protégé
A firm in a developmental stage that...
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SCORE
Counselors to America's Small Bus...
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Small Disadvantaged Business Concern
A small business concern that...
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