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 ->
NEW: SBA Glossary ->
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Glossary
SBA Terms
Source: SBA.gov
Sole Proprietor
an individual who owns an unincorporated business by himself/ or herself.
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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Extraordinary Items
Additional expenses that are...
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Applicant Entity
The business entity requesting...
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GPM%
The measure of every sales dollar left...
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Equity
An accounting term used to...
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Applicant/Co-Applicant
Business entity and person requesting...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Injury Analysis
Measures the effects of...
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Phase 1
Process used to determine the...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Full and Open Competition
With respect to a contract action...
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Depreciation
A non-cash operating expense that...
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Comparative Analysis
Is designed to point out significant trends that...
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Business Activity
The business (or loss) activity of...
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Affiliate
Business concerns are affiliates if one concern...
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