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
NAICS
North American Industrial Classification System
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.
Principal
the owner(s) of the Applicant Entity that...
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Acquisition
The acquiring of supplies or...
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Normal Gross Margin
The margin that would have been...
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Substantial Damage
This means uninsured or otherwise uncompensated...
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Request for Proposal (RFP)
A document outlining a...
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Cash-basis Accounting
records revenue when cash is...
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Prime Contract
A contract awarded directly...
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Partnership
A type of unincorporated business org...
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Days Payable
A measure of the average time a...
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Operating Leases
are deducted on the company’s...
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Affiliate
Business concerns are affiliates if one concern...
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Hardship Waiver
Method used to approve a...
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Contracting Officer
A person with the authority to...
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GPM%
The measure of every sales dollar left...
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Partnering
A mutually beneficial business-to-bus...
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