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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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.
Normal Gross Margin
The margin that would have been...
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Small Business
A business smaller than...
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Current Assets
A balance sheet item which equals...
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Operating Leases
are deducted on the company’s...
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Prime Contract
A contract awarded directly...
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Sole Proprietor
an individual who...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Primary Activity
The major business activity of...
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Applicant Entity
The business entity requesting...
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Phase 1
Process used to determine the...
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Subcontract
A contract between a prime cont...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Normal Annual Sales
Those sales that would have...
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Economic Injury Disaster Loan (EIDL)
a working capital loan that...
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