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
Sole Proprietor
an individual who owns an unincorporated business by himself/ or herself.
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.
Fair and Reasonable Price
A price that is fair to both parties...
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Injury Analysis
Measures the effects of...
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Request for Proposal (RFP)
A document outlining a...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Income Statement
Shows the entity’s income and...
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Defense Contractor
Any person who enters into...
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S-Corporation
A form of corporation, allowed by...
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Amortization
A non-cash operating expense that...
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Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
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Applicant Individual
aka who is requesting an SBA loan...
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Working Capital (WC)
The amount of current assets that...
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Certificate of Competency
A certificate issued by the Small Bus...
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Contracting
Purchasing, renting, leasing, or...
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Mentor
A business, usually large, or...
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Partnership
A type of unincorporated business org...
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