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
Applicant Entity
The LLC, Partnership, Trust or Corporation requesting disaster loan assistance.
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.
Break-even Analysis
A calculation of the approximate sales...
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Contract
A mutually binding legal rel..
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NAICS
NAICS codes are common...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Partnership
A type of unincorporated business org...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Contracting Officer
A person with the authority to...
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Applicant Individual
aka who is requesting an SBA loan...
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Applicant/Co-Applicant
Business entity and person requesting...
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Phase 1
Process used to determine the...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Working Capital (WC)
The amount of current assets that...
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Certificate of Competency
A certificate issued by the Small Bus...
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Emerging Small Business
A small business concern whose...
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P&L (Profit and Loss Statement)
also considered as Income Statement or...
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