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?
Explore the FAQs page ->
Latest SBA Loan Rates ->
NEW: SBA Glossary ->
Learn
How to Get an SBA Loan
Apply Online ->
Apply Online ->
Apply Online ->
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
Apply Here
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.
Certificate of Competency
A certificate issued by the Small Bus...
Go to full definition ->
Capital Leases
are for the purchase of fixed assets such as...
Go to full definition ->
Income Statement
Shows the entity’s income and...
Go to full definition ->
Partnership
A type of unincorporated business org...
Go to full definition ->
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Go to full definition ->
GPM%
The measure of every sales dollar left...
Go to full definition ->
Fair and Reasonable Price
A price that is fair to both parties...
Go to full definition ->
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Go to full definition ->
Applicant Entity
The business entity requesting...
Go to full definition ->
Duplicated Interest
The amount of interest exp...
Go to full definition ->
Credit Score Test
Part of the home loan CET show a...
Go to full definition ->
Cash-basis Accounting
records revenue when cash is...
Go to full definition ->
Protégé
A firm in a developmental stage that...
Go to full definition ->
Phase 1
Process used to determine the...
Go to full definition ->
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Go to full definition ->
Get the quick rundown on SBA Loans
Join over 4,000+ small business owners already growing with us.
How it Works
