{"ok":true,"canonical_url":"https://dealroom.so/glossary/annual-percentage-rate","api_url":"https://dealroom.so/api/public/glossary/annual-percentage-rate","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"annual-percentage-rate","term":"Annual Percentage Rate","aka":"APR","group":"The loan itself","definition":"The total cost of borrowing money over a year, expressed as a percentage. It includes the interest rate plus certain other fees, giving you a clearer picture of the true cost.","what_it_means":"For an SBA loan, the APR reflects the stated interest rate plus the SBA guaranty fee and any lender fees that are factored into the loan cost. Compare APRs from different lenders to understand the actual expense of your financing, not just the advertised interest rate.","url":"https://dealroom.so/glossary/annual-percentage-rate","official_sources":[],"related":[{"slug":"finance-charge","term":"Finance Charge","url":"https://dealroom.so/glossary/finance-charge"},{"slug":"total-cost-of-credit","term":"Total Cost of Credit","url":"https://dealroom.so/glossary/total-cost-of-credit"},{"slug":"variable-rate","term":"Variable rate","url":"https://dealroom.so/glossary/variable-rate"},{"slug":"guaranty-fee","term":"Guaranty fee","url":"https://dealroom.so/glossary/guaranty-fee"}],"related_questions":[{"question":"How does the ongoing servicing fee affect the annual percentage rate (APR) calculation for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/how-does-the-ongoing-servicing-fee-affect-the-annual-percentage-rate-apr-calculation-for-a"},{"question":"What alternative base rates are available for variable-rate 7(a) loans besides the Wall Street Journal Prime rate?","url":"https://dealroom.so/for-lenders/questions/what-alternative-base-rates-are-available-for-variable-rate-7-a-loans-besides-the-wall-str"},{"question":"What is the 'Prime Rate' when talking about SBA 7(a) loan rates?","url":"https://dealroom.so/sba-loans/basics/what-is-the-prime-rate-when-talking-about-sba-7-a-loan-rates"},{"question":"What specific alternative base rates are permissible for variable rate 7(a) loans?","url":"https://dealroom.so/for-lenders/questions/what-specific-alternative-base-rates-are-permissible-for-variable-rate-7-a-loans"},{"question":"What is the Wall Street Journal Prime Rate's role in SBA 7(a) loan interest rates?","url":"https://dealroom.so/sba-loans/basics/what-is-the-wall-street-journal-prime-rate-s-role-in-sba-7-a-loan-interest-rates"},{"question":"What are the maximum allowable interest rates for variable rate 7(a) loans, including the permissible spread?","url":"https://dealroom.so/for-lenders/questions/what-are-the-maximum-allowable-interest-rates-for-variable-rate-7-a-loans-including-the-pe"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Annual Percentage Rate","url":"https://dealroom.so/glossary/annual-percentage-rate","source_type":"DealRoom Data"}}