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
Guarantor
The legal entity and/or person who guarantees an obligation and has a legal duty to fulfill it.
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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Current Liabilities
A balance sheet item, which...
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Partnering
A mutually beneficial business-to-bus...
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Days Payable
A measure of the average time a...
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Contractor Team Arrangement
An arrangement in which...
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Liabilities
A financial obligation...
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Subsidiary
A company for which a majority of the...
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Available Asset Test
Part of the CET that determines if an applicant(s) has...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Acquisition
The acquiring of supplies or...
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NAICS
NAICS codes are common...
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Affiliates
Business concerns, organizations, or...
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Limited Partnership
A business organization with one or...
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Emerging Small Business
A small business concern whose...
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Contracting Officer
A person with the authority to...
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