{"ok":true,"canonical_url":"https://dealroom.so/glossary/conversion","api_url":"https://dealroom.so/api/public/glossary/conversion","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":"conversion","term":"Conversion","group":"Doing the deal","definition":"In SBA loan terms, this often refers to converting a term loan feature, like a variable interest rate to a fixed rate. This can impact your monthly payments and financial predictability.","what_it_means":"While less common in 7(a) acquisition loans which are typically variable, \"conversion\" could refer to changing certain loan terms. More broadly, it might mean converting a seller note from full standby to partial standby. Understand all options for your loan structure and how future changes might be handled.","url":"https://dealroom.so/glossary/conversion","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"variable-rate","term":"Variable rate","url":"https://dealroom.so/glossary/variable-rate"},{"slug":"fixed-interest-rate","term":"Fixed interest rate","url":"https://dealroom.so/glossary/fixed-interest-rate"},{"slug":"standby","term":"Standby","url":"https://dealroom.so/glossary/standby"},{"slug":"seller-note","term":"Seller note","url":"https://dealroom.so/glossary/seller-note"}],"related_questions":[]},"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 — Conversion","url":"https://dealroom.so/glossary/conversion","source_type":"DealRoom Data"}}