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
Extraordinary Items
Additional expenses that are outside “normal” operations and caused directly by the disaster.
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.
Request for Proposal (RFP)
A document outlining a...
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Applicant Individual
aka who is requesting an SBA loan...
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Equity
An accounting term used to...
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Contract
A mutually binding legal rel..
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Physical Loans
Funds to repair/replace dis...
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Applicant/Co-Applicant
Business entity and person requesting...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Depreciation
A non-cash operating expense that...
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Small Business
A business smaller than...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Operating Leases
are deducted on the company’s...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Subcontract
A contract between a prime cont...
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Lien
A legal claim against an...
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