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
Prime Contract
A contract awarded directly by the Federal government.
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.
Lien
A legal claim against an...
Go to full definition ->
Small Disadvantaged Business Concern
A small business concern that...
Go to full definition ->
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Go to full definition ->
Corporation (C-corp.)
The most common form of business org...
Go to full definition ->
Certificate of Competency
A certificate issued by the Small Bus...
Go to full definition ->
Applicant/Co-Applicant
Business entity and person requesting...
Go to full definition ->
Days Payable
A measure of the average time a...
Go to full definition ->
Extraordinary Items
Additional expenses that are...
Go to full definition ->
Cash Flow Test
Part of the CET that determines if...
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 ->
Affiliate
Business concerns are affiliates if one concern...
Go to full definition ->
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Go to full definition ->
Protégé
A firm in a developmental stage that...
Go to full definition ->
B/E (Business EIDL) Loan
A business loan that...
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
