Glossary · The loan itself
In short
An arrangement to make regular, periodic payments to satisfy a debt. This describes how you'll pay back your SBA 7(a) loan over its term.
Your SBA loan requires an installment agreement, meaning you pay a set amount each month, usually covering both principal and interest. Review the loan documents carefully to confirm the payment schedule and any potential fees for late payments.
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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