A traditional term loan, or an SBA loan, is a lump sum of cash you pay back with regular payments, plus interest, over a fixed period of time, generally amortized. A mortgage is the best known example of a term loan. A longer term allows for lower payments, which allows for a higher capital injection.
SBA loans are government backed, and therefore are longer approval times, and lower interest rates.
This could be real estate, equipment or machinery, expansion capital, funding the purchase of another business, disaster recovery or even, in some cases, refinancing other debts.