Glossary · Doing the deal
In short
This is an electronic transfer that automatically pulls your loan payments directly from your bank account. It's how most SBA loan payments are collected.
When you close your SBA 7(a) loan, you'll typically authorize the lender to set up recurring ACH debits for your monthly principal and interest payments. This ensures timely payments and is a standard requirement for most term loans, simplifying your repayment process.
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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