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 ->
Learn
How to Get an SBA Loan
Apply Online ->
Apply Online ->
Apply Online ->
Glossary
SBA Terms
Source: SBA.gov
NAICS
North American Industrial Classification System
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.
Capital Leases
are for the purchase of fixed assets such as...
Go to full definition ->
Electronic Data Interchange
Transmission of information bet...
Go to full definition ->
Substantial Damage
This means uninsured or otherwise uncompensated...
Go to full definition ->
Collateral
Assets pledged by a borrower to secure a loan...
Go to full definition ->
Applicant Individual
aka who is requesting an SBA loan...
Go to full definition ->
Affiliate
Business concerns are affiliates if one concern...
Go to full definition ->
Duplicated Interest
The amount of interest exp...
Go to full definition ->
Adjusted Net Worth
Post disaster fair market value of tangible...
Go to full definition ->
Request for Proposal (RFP)
A document outlining a...
Go to full definition ->
Operating Leases
are deducted on the company’s...
Go to full definition ->
Working Capital (WC)
The amount of current assets that...
Go to full definition ->
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Go to full definition ->
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Go to full definition ->
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Go to full definition ->
Credit Score Test
Part of the home loan CET show a...
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
