Glossary · The loan itself
In short
These are benchmark interest rates, like Term SOFR or LIBOR (phasing out), that lenders use to calculate the variable interest rate on your SBA loan. Your actual rate is this base rate plus a "spread."
Most SBA 7(a) loans are variable rate, tied to an alternative base rate. Understand which index your loan uses and how frequently it adjusts. A rising base rate will increase your monthly payments, so model for potential rate hikes.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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