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
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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.
Intermediary Organization
Organizations that play a funda...
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Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
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Sole Proprietor
an individual who...
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Injury Period
The time period during...
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Contracting Officer
A person with the authority to...
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Phase 2
Process to be used to determine economic injury for...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Days Receivable
A measure of the average time a...
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NAICS
NAICS codes are common...
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Full and Open Competition
With respect to a contract action...
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Small Disadvantaged Business Concern
A small business concern that...
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Defense Contractor
Any person who enters into...
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GPM%
The measure of every sales dollar left...
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Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
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