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
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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
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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.
Physical Loans
Funds to repair/replace dis...
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Partnering
A mutually beneficial business-to-bus...
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Phase 2
Process to be used to determine economic injury for...
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Small Business
A business smaller than...
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Applicant/Co-Applicant
Business entity and person requesting...
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Subsidiary
A company for which a majority of the...
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Projection
An estimate of future economic or...
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Income Statement
Shows the entity’s income and...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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B/E (Business EIDL) Loan
A business loan that...
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Subcontract
A contract between a prime cont...
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Hardship Waiver
Method used to approve a...
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Affiliate
Business concerns are affiliates if one concern...
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Days Payable
A measure of the average time a...
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Amortization
A non-cash operating expense that...
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