{"ok":true,"canonical_url":"https://dealroom.so/glossary/long-term-lease","api_url":"https://dealroom.so/api/public/glossary/long-term-lease","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":"long-term-lease","term":"Long-term lease","aka":"Extended lease","group":"People and paperwork","definition":"A lease agreement for an extended period, typically 10 years or more, often required for SBA loans. It provides stability for your business location and assures the lender you have a place to operate.","what_it_means":"For an SBA 7(a) loan, if you're not purchasing the real estate, the lender will usually require a long-term lease matching or exceeding the loan term, or with options to renew to cover the loan term. Negotiate this carefully, including an Early Termination Clause and ensuring the rent is Fair Market Rent.","url":"https://dealroom.so/glossary/long-term-lease","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":"lease-agreement","term":"Lease agreement","url":"https://dealroom.so/glossary/lease-agreement"},{"slug":"early-termination-clause","term":"Early termination clause","url":"https://dealroom.so/glossary/early-termination-clause"},{"slug":"fair-market-rent","term":"Fair market rent","url":"https://dealroom.so/glossary/fair-market-rent"},{"slug":"landlord-subordination-agreement","term":"Landlord subordination agreement","url":"https://dealroom.so/glossary/landlord-subordination-agreement"}],"related_questions":[{"question":"If I am buying a business that leases its property, can I get a longer loan term if the lease is long-term?","url":"https://dealroom.so/sba-7a/questions/if-i-am-buying-a-business-that-leases-its-property-can-i-get-a-longer-loan-term-if-the-lea"},{"question":"Can an SBA 7(a) loan finance tenant improvements on leased property if the lease term matches the loan term?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-tenant-improvements-on-leased-property-if-the-lease-term-match"},{"question":"What happens if the business's current lease agreement for its premises is short-term or expiring soon?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-the-business-s-current-lease-agreement-for-its-premises-is-short-term-or-e"},{"question":"If the business property is leased, can the SBA loan finance a security deposit for the lease?","url":"https://dealroom.so/sba-7a/questions/if-the-business-property-is-leased-can-the-sba-loan-finance-a-security-deposit-for-the-lea"},{"question":"How long is the repayment term for an SBA 7(a) loan that does not include real estate?","url":"https://dealroom.so/sba-loans/basics/how-long-is-the-repayment-term-for-an-sba-7-a-loan-that-does-not-include-real-estate"},{"question":"If the business property is leased, can an SBA 7(a) loan finance security deposits for the lease?","url":"https://dealroom.so/sba-loans/basics/if-the-business-property-is-leased-can-an-sba-7-a-loan-finance-security-deposits-for-the-l"}]},"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 — Long-term lease","url":"https://dealroom.so/glossary/long-term-lease","source_type":"DealRoom Data"}}