Glossary · People and paperwork
In short
A lease agreement for an extended period, typically 10 years or more, often required for SBA loans. It provides stability for your business location and assures the lender you have a place to operate.
For an SBA 7(a) loan, if you're not purchasing the real estate, the lender will usually require a long-term lease matching or exceeding the loan term, or with options to renew to cover the loan term. Negotiate this carefully, including an Early Termination Clause and ensuring the rent is Fair Market Rent.
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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