Glossary · The loan itself
In short
A common index used for variable interest rates on SBA 7(a) loans, consisting of the SOFR rate plus a fixed spread. This combination determines a portion of your actual interest rate.
For a variable rate SBA loan, your interest rate will often be Fixed Spread SOFR + a margin. The SOFR component fluctuates, while the spread is fixed by the lender. Understand how this index works and its historical volatility, as it directly impacts your future monthly loan payments and overall debt service.
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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