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
Apply Online ->
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Glossary
SBA Terms
Source: SBA.gov
Applicant Individual
Individual requesting disaster loan assistance.
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.
Liabilities
A financial obligation...
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Equity
An accounting term used to...
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Small Business
A business smaller than...
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Phase 2
Process to be used to determine economic injury for...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Certificate of Competency
A certificate issued by the Small Bus...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Credit Score Test
Part of the home loan CET show a...
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Electronic Data Interchange
Transmission of information bet...
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Fair and Reasonable Price
A price that is fair to both parties...
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Request for Proposal (RFP)
A document outlining a...
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Injury Analysis
Measures the effects of...
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Subsidiary
A company for which a majority of the...
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Companion File
When an applicant has another application filed...
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Normal Annual Sales
Those sales that would have...
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