{"ok":true,"canonical_url":"https://dealroom.so/glossary/finance-charge","api_url":"https://dealroom.so/api/public/glossary/finance-charge","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":"finance-charge","term":"Finance Charge","group":"The loan itself","definition":"The total dollar amount you pay to use credit. This includes interest and other fees, representing the full monetary cost of your loan.","what_it_means":"In an SBA 7(a) loan, the finance charge includes all interest payments over the life of the loan, plus the upfront SBA guaranty fee and any ongoing servicing fees. Be sure to get a clear breakdown of all these charges from your lender to understand the true financial burden.","url":"https://dealroom.so/glossary/finance-charge","official_sources":[],"related":[{"slug":"annual-percentage-rate","term":"Annual Percentage Rate","url":"https://dealroom.so/glossary/annual-percentage-rate"},{"slug":"total-cost-of-credit","term":"Total Cost of Credit","url":"https://dealroom.so/glossary/total-cost-of-credit"},{"slug":"lender-closing-costs","term":"Lender closing costs","url":"https://dealroom.so/glossary/lender-closing-costs"},{"slug":"guaranty-fee","term":"Guaranty fee","url":"https://dealroom.so/glossary/guaranty-fee"}],"related_questions":[{"question":"Does the SBA charge any fees to me directly for applying?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-charge-any-fees-to-me-directly-for-applying"},{"question":"Does the SBA tell lenders exactly what interest rate they must charge?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-tell-lenders-exactly-what-interest-rate-they-must-charge"},{"question":"Does the SBA charge me any ongoing fees after my loan is approved?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-charge-me-any-ongoing-fees-after-my-loan-is-approved"},{"question":"Can the lender charge an additional \"packaging fee\" on top of the SBA fees?","url":"https://dealroom.so/sba-7a/questions/can-the-lender-charge-an-additional-packaging-fee-on-top-of-the-sba-fees"},{"question":"Are there caps on the interest rates lenders can charge for SBA 7(a) loans?","url":"https://dealroom.so/sba-loans/basics/are-there-caps-on-the-interest-rates-lenders-can-charge-for-sba-7-a-loans"},{"question":"Does the SBA itself charge any direct fees to the borrower, or just the lender?","url":"https://dealroom.so/sba-7a/questions/does-the-sba-itself-charge-any-direct-fees-to-the-borrower-or-just-the-lender"}]},"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 — Finance Charge","url":"https://dealroom.so/glossary/finance-charge","source_type":"DealRoom Data"}}