{"ok":true,"canonical_url":"https://dealroom.so/glossary/tranche","api_url":"https://dealroom.so/api/public/glossary/tranche","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":"tranche","term":"Tranche","group":"The loan itself","definition":"A segment or portion of a larger loan or security, often with different terms, risks, and interest rates.","what_it_means":"While less common in a single 7(a) acquisition loan, you might see this term if your overall financing package is complex, involving multiple lenders or different types of debt, each with its own specific terms. Your SBA loan would usually be one distinct tranche.","url":"https://dealroom.so/glossary/tranche","official_sources":[],"related":[{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"},{"slug":"subsequent-financing","term":"Subsequent Financing","url":"https://dealroom.so/glossary/subsequent-financing"},{"slug":"seller-note","term":"Seller note","url":"https://dealroom.so/glossary/seller-note"},{"slug":"subordinated-debt","term":"Subordinated Debt","url":"https://dealroom.so/glossary/subordinated-debt"}],"related_questions":[]},"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 — Tranche","url":"https://dealroom.so/glossary/tranche","source_type":"DealRoom Data"}}