Glossary · The loan itself
In short
This is a flexible loan product from a bank that allows a business to borrow, repay, and re-borrow up to a set limit, typically used for short-term working capital needs.
An SBA 7(a) loan can't be used solely to refinance a conventional line of credit unless it's part of a larger business acquisition. If the business you're acquiring has one, assess if you'll need a new one to manage working capital post-acquisition.
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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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.
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