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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Glossary
SBA Terms
Source: SBA.gov
Liabilities
A financial obligation, debt, or claim, i.e. notes payable and accounts payable.
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.
Protégé
A firm in a developmental stage that...
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Acquisition
The acquiring of supplies or...
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Applicant Entity
The business entity requesting...
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Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
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Current Assets
A balance sheet item which equals...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Electronic Data Interchange
Transmission of information bet...
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Duplicated Interest
The amount of interest exp...
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Federal Acquisition Regulation (FAR)
The body of regulations which is...
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Companion File
When an applicant has another application filed...
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Hardship Waiver
Method used to approve a...
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Limited Liability Entities (company/partnership)
An LLE provides business owners with...
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Full and Open Competition
With respect to a contract action...
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Applicant Individual
aka who is requesting an SBA loan...
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