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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Glossary
SBA Terms
Source: SBA.gov
Best and Final Offer
For negotiated procurements, a contractor's final offer following the conclusion of discussions.
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.
Projection
An estimate of future economic or...
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Duplicated Interest
The amount of interest exp...
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Liabilities
A financial obligation...
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Partnership
A type of unincorporated business org...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Applicant/Co-Applicant
Business entity and person requesting...
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Cash Flow Test
Part of the CET that determines if...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Capital Leases
are for the purchase of fixed assets such as...
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Applicant Entity
The business entity requesting...
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Affiliated Group
When two or more...
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Corporation (C-corp.)
The most common form of business org...
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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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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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