Loan types
Pick a loan type. Then run its numbers.
Each loan has its own page with a plain-English description, requirements, how to apply, and the calculators that fit it.
| Loan | Size | Term | Best for |
|---|---|---|---|
| SBA 7(a) Loan | Up to $5 million | Up to 10 years; up to 25 years for real estate | Buying a business, working capital, equipment, real estate, refinancing |
| SBA 504 Loan | Generally up to $5 million; up to $5.5 million for qualifying manufacturers and energy projects (minimum $25,000) | 10 years (equipment); 20 or 25 years (real estate) | Owner-occupied buildings, construction and long-life equipment |
| SBA Express Loan | Up to $500,000 | Revolving lines up to 10 years | Faster decisions on moderate amounts |
| SBA Microloan | Up to $50,000 | No more than 6 years | Working capital, inventory, supplies and equipment for small or newer businesses |
| Business Line of Credit | Pay interest on what you use | Revolving | Uneven cash flow, not long-term assets |
| Commercial Term Loan | Set by the lender; no SBA cap | Commonly 3 to 10 years, often amortized over 20 to 25 for real estate with a balloon at the end | Strong borrowers, larger deals, speed |
| Equipment Financing | Equipment is the collateral | Matched to useful life: about 3 years for IT to 7 years for heavy equipment | Machinery, trucks, medical, restaurant and tech equipment |
| Mortgage | Conventional, FHA, VA, USDA | 15 or 30 years | Buying or refinancing a home |
SBA 7(a) Loan
The most flexible SBA loan, for almost any business purpose.
SBA 504 Loan
Long-term, fixed-rate financing for buildings and heavy equipment.
SBA Express Loan
A faster, lender-processed SBA loan up to $500,000, including lines of credit.
SBA Microloan
Small loans up to $50,000 from nonprofit lenders, with help for newer businesses.
Business Line of Credit
A revolving credit limit you draw on, repay, and draw on again.
Commercial Term Loan
A conventional bank loan for property, expansion or acquisitions, with no SBA guarantee.
Equipment Financing
Loans and leases for machinery, vehicles and technology, secured by the equipment itself.
Mortgage
Home purchase and refinance loans, with payment, affordability and refinance tools.
Not sure which fits? Try the loan finder on the home page. Looking for something different? See uncommon ways to finance and federal grants.