{"ok":true,"canonical_url":"https://dealroom.so/glossary/refinance","api_url":"https://dealroom.so/api/public/glossary/refinance","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":"refinance","term":"Refinance","group":"The loan itself","definition":"Refinancing is the process of replacing an existing loan with a new loan, often to get better terms, a lower interest rate, or to consolidate debt.","what_it_means":"While primarily used for existing business debt, an SBA 7(a) loan can include a refinance component as part of an acquisition. For instance, you might refinance existing seller debt or other business debt as part of the total project costs, provided it meets SBA eligibility for business debt refinancing.","url":"https://dealroom.so/glossary/refinance","official_sources":[{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"},{"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":"business-debt-refinancing","term":"Business debt refinancing","url":"https://dealroom.so/glossary/business-debt-refinancing"},{"slug":"sba-7-a-loan","term":"SBA 7(a) loan","url":"https://dealroom.so/glossary/sba-7-a-loan"},{"slug":"total-project-costs","term":"Total project costs","url":"https://dealroom.so/glossary/total-project-costs"},{"slug":"debt-service","term":"Debt service","url":"https://dealroom.so/glossary/debt-service"}],"related_questions":[{"question":"Can I use an SBA 7(a) loan to refinance existing business debt?","url":"https://dealroom.so/sba-loans/basics/can-i-use-an-sba-7-a-loan-to-refinance-existing-business-debt"},{"question":"Can an SBA 7(a) loan be used to refinance existing business debt?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-to-refinance-existing-business-debt"},{"question":"Can an SBA 7(a) loan be used to refinance high-interest business debt?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-to-refinance-high-interest-business-debt"},{"question":"Is it possible to use a 7(a) loan to refinance existing business debts?","url":"https://dealroom.so/sba-loans/basics/is-it-possible-to-use-a-7-a-loan-to-refinance-existing-business-debts"},{"question":"Can I use an SBA 7(a) loan to refinance my existing business mortgage?","url":"https://dealroom.so/sba-loans/basics/can-i-use-an-sba-7-a-loan-to-refinance-my-existing-business-mortgage"},{"question":"Can I use an SBA 7(a) loan to refinance my existing business debt?","url":"https://dealroom.so/sba-loans/basics/can-i-use-an-sba-7-a-loan-to-refinance-my-existing-business-debt"}]},"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 — Refinance","url":"https://dealroom.so/glossary/refinance","source_type":"DealRoom Data"}}