Glossary · People and paperwork
In short
The ARRC is a group of private-market participants convened by the Federal Reserve to help transition from LIBOR to new reference rates like SOFR. This affects how variable interest rates are set for your loan.
For SBA 7(a) loans with variable interest rates, the ARRC's work means that your interest rate will likely be tied to SOFR (Secured Overnight Financing Rate) plus a spread, rather than the old LIBOR. Understand how your specific loan's variable rate is calculated before closing.
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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