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.
Cash-basis Accounting
records revenue when cash is...
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Applicant Entity
The business entity requesting...
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Full and Open Competition
With respect to a contract action...
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Credit Elsewhere Test (CET)
The test to determine the...
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NAICS
NAICS codes are common...
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Credit Score Test
Part of the home loan CET show a...
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Break-even Analysis
A calculation of the approximate sales...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Request for Proposal (RFP)
A document outlining a...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Affiliates
Business concerns, organizations, or...
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Extraordinary Items
Additional expenses that are...
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Phase 1
Process used to determine the...
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Corporation (C-corp.)
The most common form of business org...
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