Glossary · The loan itself
In short
This is the outstanding amount of your loan that you still owe, excluding any accrued interest. It's the core debt amount you are repaying over time.
With each loan payment, a portion goes to interest and the rest reduces your principal balance. Understanding how quickly your principal reduces through amortization is key to managing your debt and future financial planning. Early payments often reduce principal more slowly.
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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