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 ->
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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.
Current Assets
A balance sheet item which equals...
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Guarantor
The legal entity and...
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Operating Leases
are deducted on the company’s...
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Companion File
When an applicant has another application filed...
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Intermediary Organization
Organizations that play a funda...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Amortization
A non-cash operating expense that...
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Contracting
Purchasing, renting, leasing, or...
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NAICS
NAICS codes are common...
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Certificate of Competency
A certificate issued by the Small Bus...
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Normal Gross Margin
The margin that would have been...
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Electronic Data Interchange
Transmission of information bet...
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Applicant Individual
aka who is requesting an SBA loan...
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Subsidiary
A company for which a majority of the...
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Affiliated Group
When two or more...
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