{"ok":true,"canonical_url":"https://dealroom.so/glossary/refinancing","api_url":"https://dealroom.so/api/public/glossary/refinancing","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":"refinancing","term":"Refinancing","group":"The loan itself","definition":"Replacing an existing loan with a new one, often to get better terms or lower payments. For SBA, this typically refers to refinancing existing business debt.","what_it_means":"The SBA 7(a) loan program allows for refinancing existing business debt under certain conditions, primarily when it benefits the business owner or strengthens the business. You might refinance a conventional loan into an SBA loan to extend the term, reduce payments, or free up cash flow. This is different from a business acquisition loan.","url":"https://dealroom.so/glossary/refinancing","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":"amortization","term":"Amortization","url":"https://dealroom.so/glossary/amortization"},{"slug":"term-maturity","term":"Term / maturity","url":"https://dealroom.so/glossary/term-maturity"},{"slug":"variable-rate","term":"Variable rate","url":"https://dealroom.so/glossary/variable-rate"}],"related_questions":[{"question":"Is it possible to use an SBA 7(a) loan for business debt refinancing?","url":"https://dealroom.so/sba-loans/basics/is-it-possible-to-use-an-sba-7-a-loan-for-business-debt-refinancing"},{"question":"What conditions must be met to use an SBA 7(a) loan for refinancing existing business debt?","url":"https://dealroom.so/sba-loans/basics/what-conditions-must-be-met-to-use-an-sba-7-a-loan-for-refinancing-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 — Refinancing","url":"https://dealroom.so/glossary/refinancing","source_type":"DealRoom Data"}}