Glossary · The loan itself
In short
A general term for a type of loan or borrowing arrangement, like a term loan or line of credit. Your SBA 7(a) loan is a form of credit facility.
For a business acquisition, your SBA 7(a) loan is a term loan, a specific type of credit facility. Sometimes, your lender might offer an additional "line of credit" as part of the overall credit facility package for working capital. Understand the specific terms and conditions of each component of the facility.
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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