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.
Best and Final Offer
For negotiated procurements...
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Certificate of Competency
A certificate issued by the Small Bus...
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Business Activity
The business (or loss) activity of...
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Operating Leases
are deducted on the company’s...
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Companion File
When an applicant has another application filed...
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Intermediary Organization
Organizations that play a funda...
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Credit Elsewhere Test (CET)
The test to determine the...
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Normal Gross Margin
The margin that would have been...
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Current Liabilities
A balance sheet item, which...
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Days Receivable
A measure of the average time a...
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Applicant Individual
aka who is requesting an SBA loan...
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Acquisition
The acquiring of supplies or...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Negotiation
Contracting through the use of...
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