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
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.
Credit Elsewhere Test (CET)
The test to determine the...
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Request for Proposal (RFP)
A document outlining a...
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Accrual Basis Accounting
recognizes revenues when earned and expenses are...
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Standard Industrial Classification (SIC) Code
A code representing a category within...
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Certificate of Competency
A certificate issued by the Small Bus...
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SCORE
Counselors to America's Small Bus...
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Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
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Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
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Emerging Small Business
A small business concern whose...
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Normal Gross Margin
The margin that would have been...
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Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
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Certified 8(a) Firm
A firm owned and operated by socially and...
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Operating Leases
are deducted on the company’s...
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Full and Open Competition
With respect to a contract action...
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Contractor Team Arrangement
An arrangement in which...
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