The Small Business Administration (SBA) offers several types of loans to support small business. Here are some of the main types of SBA loans:

SBA 7(a) Loan: The SBA 7(a) Loan Program is the most common and versatile SBA loan. It provides funding for various business purposes, such as working capital, equipment purchases, real estate acquisition, debt refinancing, and business expansion. The loan amount can range up to $5 million, and repayment terms typically vary based on the specific use of funds. 

SBA 504 Loan: The SBA 504 Loan Program is designed to help small businesses acquire fixed assets, including land, buildings, and equipment. These loans are typically used for real estate purchases or major renovations. The program involves a partnership between the borrower, an SBA-approved Certified Development Company (CDC), and a private lender. The borrower typically contributes a down payment of at least 10% of the project cost, while the CDC provides 40% of financing, and the private lender covers the remaining portion. 

SBA Microloan: The SBA Microloan Program offers small-dollar loans of up to $50,000 to help startups, newly established businesses, and underserved communities. These loans can be used for working capital, equipment purchases, inventory, or other general business needs. The program is administered through non-profit intermediaries, such as Community Development Financial Institutions (CDFIs), who provide the loans and offer technical assistance to borrowers.