Glossary · The loan itself
In short
An SBA 7(a) loan specifically designed to finance the purchase of an existing business. This is the primary type of loan buyers use to acquire small businesses.
This loan type covers the acquisition of a business, including goodwill, working capital, and sometimes real estate. The SBA has specific requirements for these transactions, such as seller financing and equity injection. Ensure your lender is experienced with these complex deals.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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