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
Apply Online ->
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Glossary
SBA Terms
Source: SBA.gov
NAICS
North American Industrial Classification System
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.
Fair and Reasonable Price
A price that is fair to both parties...
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Mentor
A business, usually large, or...
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Liabilities
A financial obligation...
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Injury Period
The time period during...
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Applicant Individual
aka who is requesting an SBA loan...
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Credit Elsewhere Test (CET)
The test to determine the...
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Applicant/Co-Applicant
Business entity and person requesting...
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Limited Partnership
A business organization with one or...
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Amortization
A non-cash operating expense that...
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Subsidiary
A company for which a majority of the...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Break-even Analysis
A calculation of the approximate sales...
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Affiliate
Business concerns are affiliates if one concern...
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Best and Final Offer
For negotiated procurements...
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Projection
An estimate of future economic or...
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