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.
Business Activity
The business (or loss) activity of...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Partnership
A type of unincorporated business org...
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Cash-basis Accounting
records revenue when cash is...
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Affiliated Group
When two or more...
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DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
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Phase 2
Process to be used to determine economic injury for...
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Credit Elsewhere Test (CET)
The test to determine the...
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Prime Contract
A contract awarded directly...
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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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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Current Liabilities
A balance sheet item, which...
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B/E (Business EIDL) Loan
A business loan that...
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Duplicated Interest
The amount of interest exp...
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