Glossary · The loan itself
In short
The total cost of borrowing money over a year, expressed as a percentage. It includes the interest rate plus certain other fees, giving you a clearer picture of the true cost.
For an SBA loan, the APR reflects the stated interest rate plus the SBA guaranty fee and any lender fees that are factored into the loan cost. Compare APRs from different lenders to understand the actual expense of your financing, not just the advertised interest rate.
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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