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 ->
Get Prequalified
Glossary
SBA Terms
Source: SBA.gov
Injury Period
The time period during which the business feels the adverse effects of the disaster.
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.
Applicant Individual
aka who is requesting an SBA loan...
Go to full definition ->
Subsidiary
A company for which a majority of the...
Go to full definition ->
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Go to full definition ->
NAICS
NAICS codes are common...
Go to full definition ->
Normal Annual Sales
Those sales that would have...
Go to full definition ->
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Go to full definition ->
Cash Flow Test
Part of the CET that determines if...
Go to full definition ->
Current Liabilities
A balance sheet item, which...
Go to full definition ->
Small Business
A business smaller than...
Go to full definition ->
Contracting
Purchasing, renting, leasing, or...
Go to full definition ->
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Go to full definition ->
Certificate of Competency
A certificate issued by the Small Bus...
Go to full definition ->
Small Disadvantaged Business Concern
A small business concern that...
Go to full definition ->
Current Assets
A balance sheet item which equals...
Go to full definition ->
Projection
An estimate of future economic or...
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
