Glossary · The loan itself
In short
The cost of borrowing money, expressed as a percentage of the principal loan amount, paid periodically by the borrower to the lender.
Your SBA 7(a) loan will have an interest rate, typically variable and tied to the Wall Street Journal Prime Rate or Term SOFR plus a lender's spread. This rate determines a significant portion of your monthly loan payment. Understand how it's calculated and how it can change your 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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