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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Learn
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.
Capital Leases
are for the purchase of fixed assets such as...
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Small Disadvantaged Business Concern
A small business concern that...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Extraordinary Items
Additional expenses that are...
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Projection
An estimate of future economic or...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Lien
A legal claim against an...
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Applicant Entity
The business entity requesting...
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SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
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Applicant Individual
aka who is requesting an SBA loan...
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Contracting Officer
A person with the authority to...
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Normal Annual Sales
Those sales that would have...
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Collateral
Assets pledged by a borrower to secure a loan...
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Income Statement
Shows the entity’s income and...
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Cash-basis Accounting
records revenue when cash is...
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