Glossary · The loan itself
In short
The specific conditions and repayment schedule of your SBA loan, including interest rate, maturity, and payment frequency. These terms directly dictate your monthly debt service and overall cost of borrowing.
You'll review these in the commitment letter and final loan agreement. Pay close attention to the interest rate (variable or fixed), amortization schedule, and any prepayment penalties. Understand how these terms impact your cash flow and the total cost of the loan over its life.
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.
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