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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Glossary
SBA Terms
Source: SBA.gov
Working Capital (WC)
The amount of current assets that is left after all current debts are paid.
Updated on
September 8, 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.
Substantial Damage
This means uninsured or otherwise uncompensated...
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Business Activity
The business (or loss) activity of...
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Small Business
A business smaller than...
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Sole Proprietor
an individual who...
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Defense Contractor
Any person who enters into...
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Emerging Small Business
A small business concern whose...
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Certificate of Competency
A certificate issued by the Small Bus...
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Prime Contract
A contract awarded directly...
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Cash-basis Accounting
records revenue when cash is...
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Partnership
A type of unincorporated business org...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Income Statement
Shows the entity’s income and...
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Days Payable
A measure of the average time a...
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Applicant Individual
aka who is requesting an SBA loan...
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