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?
Explore the FAQs page ->
Latest SBA Loan Rates ->
NEW: SBA Glossary ->
Apply Online ->
Apply Online ->
Glossary
SBA Terms
Source: SBA.gov
Cash-basis Accounting
records revenue when cash is received, and expenses when they are paid in cash
Updated on
September 9, 2022
Published on
June 20, 2018
Apply Here
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.
Prime Contract
A contract awarded directly...
Go to full definition ->
Defense Contractor
Any person who enters into...
Go to full definition ->
Request for Proposal (RFP)
A document outlining a...
Go to full definition ->
Physical Loans
Funds to repair/replace dis...
Go to full definition ->
Amortization
A non-cash operating expense that...
Go to full definition ->
Full and Open Competition
With respect to a contract action...
Go to full definition ->
Applicant Individual
aka who is requesting an SBA loan...
Go to full definition ->
Joint Venture
In the SBA Mentor-Protégé Program...
Go to full definition ->
Contracting Officer
A person with the authority to...
Go to full definition ->
Current Liabilities
A balance sheet item, which...
Go to full definition ->
Affiliates
Business concerns, organizations, or...
Go to full definition ->
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Go to full definition ->
Corporation (C-corp.)
The most common form of business org...
Go to full definition ->
Standard Industrial Classification (SIC) Code
A code representing a category within...
Go to full definition ->
Certificate of Competency
A certificate issued by the Small Bus...
Go to full definition ->
Get the quick rundown on SBA Loans
Join over 4,000+ small business owners already growing with us.
How it Works
