Glossary · The loan itself
In short
A document from the lender outlining the estimated costs, interest rate, and terms of your SBA 7(a) loan. It helps you understand the total expense of financing.
This is one of the first documents you'll receive after a lender pre-approves your loan. It details not only the interest rate and repayment schedule but also all associated fees, including lender fees, SBA guaranty fee, and third-party costs like appraisals and legal fees. Use it to compare offers from different lenders.
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.
See which SBA lenders would fund your deal
Tell us the business, the price, and where you are — we'll point you to the lenders most likely to approve a 7(a) like yours and flag what trips up approval.
Free · No documents · Usually same-day