Glossary · The loan itself
In short
This is a loan where the interest rate remains constant for the entire term of the loan. Your monthly principal and interest payment stays the same, providing payment predictability.
While the SBA 7(a) program primarily offers variable rate loans, a fixed rate option can be attractive for buyers who want stable monthly payments, especially in a rising interest rate environment. Ask your lender about fixed rate options, though they are less common for 7(a) loans.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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