Glossary · The loan itself
In short
This is a change to the original terms of your loan, such as the interest rate, payment schedule, or maturity date. It's typically done to help a borrower facing financial hardship.
If your business experiences unexpected challenges after acquiring it with an SBA 7(a) loan, you might request a Loan Modification from your lender. This could involve an interest-only payment period or a deferred principal payment. These changes require SBA approval and are not guaranteed, but they can be crucial for business survival.
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.
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.
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