Glossary · The loan itself
In short
This is the regular payment you make on your loan, covering both the portion that reduces your outstanding balance (principal) and the cost of borrowing (interest). It's your primary recurring loan expense.
Your SBA 7(a) loan will have a fixed or variable Principal and Interest Payment, typically monthly. Understand how changes in the base rate (like WSJ Prime or Term SOFR) can affect your payment if your loan is variable. This payment is a critical component of your debt service and cash flow after debt service.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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