Glossary · The loan itself
In short
This refers to how your loan's interest rate is determined, typically fixed or variable, and how it's calculated. It directly impacts your monthly loan payments.
Most 7(a) loans have variable interest rates tied to a base rate like the WSJ Prime Rate or Term SOFR, plus a spread. Understanding this structure helps you project future payments and assess interest rate risk. Some loans might offer a fixed rate for a portion of the term, but variable is more common for the full term.
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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