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 ->
NEW: SBA Glossary ->
Apply Online ->
Apply Online ->
Glossary
SBA Terms
Source: SBA.gov
Applicant/Co-Applicant
The individual(s) or legal entity requesting disaster loan assistance.
Updated on
September 9, 2022
Published on
June 20, 2018
Apply Here
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.
Prime Contract
A contract awarded directly...
Go to full definition ->
Adjusted Net Worth
Post disaster fair market value of tangible...
Go to full definition ->
Days Payable
A measure of the average time a...
Go to full definition ->
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Go to full definition ->
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Go to full definition ->
Full and Open Competition
With respect to a contract action...
Go to full definition ->
Sole Proprietor
an individual who...
Go to full definition ->
Partnership
A type of unincorporated business org...
Go to full definition ->
Liabilities
A financial obligation...
Go to full definition ->
Working Capital (WC)
The amount of current assets that...
Go to full definition ->
Defense Contractor
Any person who enters into...
Go to full definition ->
NAICS
NAICS codes are common...
Go to full definition ->
Subsidiary
A company for which a majority of the...
Go to full definition ->
Phase 1
Process used to determine the...
Go to full definition ->
Request for Proposal (RFP)
A document outlining a...
Go to full definition ->
Get the quick rundown on SBA Loans
Join over 4,000+ small business owners already growing with us.
How it Works
