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
Coastal Barrier Resource Area (COBRA)
A flood prone area in which the government prohibits financial disaster assistance.
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.
Current Assets
A balance sheet item which equals...
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Negotiation
Contracting through the use of...
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Best and Final Offer
For negotiated procurements...
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Current Liabilities
A balance sheet item, which...
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Contracting Officer
A person with the authority to...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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NAICS
NAICS codes are common...
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Schedule of Liabilities
A business debt schedule that lists all of the debts...
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Injury Period
The time period during...
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Normal Gross Margin
The margin that would have been...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Mentor
A business, usually large, or...
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Collateral
Assets pledged by a borrower to secure a loan...
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Principal
the owner(s) of the Applicant Entity that...
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Days Receivable
A measure of the average time a...
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