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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How to Get an SBA Loan
Apply Online ->
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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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Request for Proposal (RFP)
A document outlining a...
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Applicant/Co-Applicant
Business entity and person requesting...
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Current Assets
A balance sheet item which equals...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Defense Contractor
Any person who enters into...
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Collateral
Assets pledged by a borrower to secure a loan...
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Negotiation
Contracting through the use of...
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Contractor Team Arrangement
An arrangement in which...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Income Statement
Shows the entity’s income and...
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Depreciation
A non-cash operating expense that...
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SCORE
Counselors to America's Small Bus...
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Affiliated Group
When two or more...
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Subsidiary
A company for which a majority of the...
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