{"ok":true,"canonical_url":"https://dealroom.so/glossary/loan-agreement","api_url":"https://dealroom.so/api/public/glossary/loan-agreement","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":"loan-agreement","term":"Loan agreement","group":"People and paperwork","definition":"The legally binding contract between you and the lender that outlines all the terms and conditions of your loan. It dictates your obligations and the lender's rights.","what_it_means":"This is the most critical document you'll sign for your 7(a) loan. It details the interest rate, repayment schedule, collateral, covenants, and what constitutes a loan default. Review it thoroughly with your attorney before signing.","url":"https://dealroom.so/glossary/loan-agreement","official_sources":[],"related":[{"slug":"note","term":"Note","url":"https://dealroom.so/glossary/note"},{"slug":"loan-default","term":"Loan default","url":"https://dealroom.so/glossary/loan-default"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"repayment-capacity","term":"Repayment capacity","url":"https://dealroom.so/glossary/repayment-capacity"}],"related_questions":[{"question":"How does an operating agreement impact an SBA partner buyout loan?","url":"https://dealroom.so/sba-7a/questions/how-does-an-operating-agreement-impact-an-sba-partner-buyout-loan"},{"question":"How does life insurance effectively fund a business buy-sell agreement?","url":"https://dealroom.so/sba-7a/questions/how-does-life-insurance-effectively-fund-a-business-buy-sell-agreement"},{"question":"How does the purchase agreement structure affect an SBA partner buyout?","url":"https://dealroom.so/sba-7a/questions/how-does-the-purchase-agreement-structure-affect-an-sba-partner-buyout"},{"question":"What happens if the seller terminates the purchase agreement mid-process?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-the-seller-terminates-the-purchase-agreement-mid-process"},{"question":"What are the specific conditions for an acceptable full standby agreement?","url":"https://dealroom.so/for-lenders/questions/what-are-the-specific-conditions-for-an-acceptable-full-standby-agreement"},{"question":"What if the seller withdraws from the sale agreement during the SBA loan underwriting process?","url":"https://dealroom.so/sba-7a/questions/what-if-the-seller-withdraws-from-the-sale-agreement-during-the-sba-loan-underwriting-proc"}]},"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 — Loan agreement","url":"https://dealroom.so/glossary/loan-agreement","source_type":"DealRoom Data"}}