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
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.
Hardship Waiver
Method used to approve a...
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Joint Venture
In the SBA Mentor-Protégé Program...
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B/E (Business EIDL) Loan
A business loan that...
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Partnering
A mutually beneficial business-to-bus...
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Principal
the owner(s) of the Applicant Entity that...
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GPM%
The measure of every sales dollar left...
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Fair and Reasonable Price
A price that is fair to both parties...
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Operating Leases
are deducted on the company’s...
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Phase 2
Process to be used to determine economic injury for...
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Break-even Analysis
A calculation of the approximate sales...
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Affiliates
Business concerns, organizations, or...
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Physical Loans
Funds to repair/replace dis...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Contractor Team Arrangement
An arrangement in which...
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Emerging Small Business
A small business concern whose...
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