{"ok":true,"canonical_url":"https://dealroom.so/glossary/repayment-agreement","api_url":"https://dealroom.so/api/public/glossary/repayment-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":"repayment-agreement","term":"Repayment Agreement","group":"Doing the deal","definition":"A repayment agreement is a formal contract detailing the terms by which a debt will be repaid. It outlines payment schedules, interest rates, and consequences for default.","what_it_means":"In an acquisition, a repayment agreement is crucial for any seller financing or other subordinated debt. The SBA requires specific language in these agreements, often mandating a 'standby' period where the seller receives no payments. Ensure the terms align with SBA requirements, especially if the seller note is part of your equity injection.","url":"https://dealroom.so/glossary/repayment-agreement","official_sources":[],"related":[{"slug":"seller-note","term":"Seller note","url":"https://dealroom.so/glossary/seller-note"},{"slug":"standby","term":"Standby","url":"https://dealroom.so/glossary/standby"},{"slug":"subordinated-debt","term":"Subordinated Debt","url":"https://dealroom.so/glossary/subordinated-debt"}],"related_questions":[{"question":"What is the typical repayment term for working capital only?","url":"https://dealroom.so/sba-loans/basics/what-is-the-typical-repayment-term-for-working-capital-only"},{"question":"Does the SBA set specific repayment schedules for 7(a) loans?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-set-specific-repayment-schedules-for-7-a-loans"},{"question":"What are the typical repayment terms for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-are-the-typical-repayment-terms-for-an-sba-7-a-loan"},{"question":"What are the typical repayment periods for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-are-the-typical-repayment-periods-for-an-sba-7-a-loan"},{"question":"What is the typical repayment period for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-typical-repayment-period-for-an-sba-7-a-loan"},{"question":"What is the typical repayment frequency for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-typical-repayment-frequency-for-an-sba-7-a-loan"}]},"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 — Repayment Agreement","url":"https://dealroom.so/glossary/repayment-agreement","source_type":"DealRoom Data"}}