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
Working Capital (WC)
The amount of current assets that is left after all current debts are paid.
Updated on
September 8, 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.
Subsidiary
A company for which a majority of the...
Go to full definition ->
Defense Contractor
Any person who enters into...
Go to full definition ->
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Go to full definition ->
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Go to full definition ->
Physical Loans
Funds to repair/replace dis...
Go to full definition ->
Companion File
When an applicant has another application filed...
Go to full definition ->
Injury Analysis
Measures the effects of...
Go to full definition ->
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Go to full definition ->
Contractor Team Arrangement
An arrangement in which...
Go to full definition ->
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Go to full definition ->
Fair and Reasonable Price
A price that is fair to both parties...
Go to full definition ->
Amortization
A non-cash operating expense that...
Go to full definition ->
Guarantor
The legal entity and...
Go to full definition ->
Certificate of Competency
A certificate issued by the Small Bus...
Go to full definition ->
Extraordinary Items
Additional expenses that are...
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
