Glossary · The loan itself
In short
Refinancing is the process of replacing an existing loan with a new loan, often to get better terms, a lower interest rate, or to consolidate debt.
While primarily used for existing business debt, an SBA 7(a) loan can include a refinance component as part of an acquisition. For instance, you might refinance existing seller debt or other business debt as part of the total project costs, provided it meets SBA eligibility for business debt refinancing.
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.
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