Glossary · The loan itself
In short
An amortized loan is one where your regular payments gradually pay down both the principal and interest over the loan term. This ensures the loan is fully paid off by the end of its maturity period.
SBA 7(a) loans are fully amortized, meaning there are no balloon payments at the end of the term. Each payment contributes to reducing your principal balance, not just covering interest. This predictable repayment schedule helps you budget and avoid large lump sums, making financial planning more straightforward for the life of the loan.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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.
See which SBA lenders would fund your deal
Tell us the business, the price, and where you are — we'll point you to the lenders most likely to approve a 7(a) like yours and flag what trips up approval.
Free · No documents · Usually same-day