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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Go to full definition ->
Mentor
A business, usually large, or...
Go to full definition ->
Partnering
A mutually beneficial business-to-bus...
Go to full definition ->
GPM%
The measure of every sales dollar left...
Go to full definition ->
Negotiation
Contracting through the use of...
Go to full definition ->
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Go to full definition ->
Corporation (C-corp.)
The most common form of business org...
Go to full definition ->
Guarantor
The legal entity and...
Go to full definition ->
Normal Annual Sales
Those sales that would have...
Go to full definition ->
Phase 1
Process used to determine the...
Go to full definition ->
Joint Venture
In the SBA Mentor-Protégé Program...
Go to full definition ->
Acquisition
The acquiring of supplies or...
Go to full definition ->
Credit Elsewhere Test (CET)
The test to determine the...
Go to full definition ->
Full and Open Competition
With respect to a contract action...
Go to full definition ->
Assets
The amount of current assets that is left...
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
