Glossary · The loan itself
In short
Replacing an existing loan with a new one, often to get better terms or lower payments. For SBA, this typically refers to refinancing existing business debt.
The SBA 7(a) loan program allows for refinancing existing business debt under certain conditions, primarily when it benefits the business owner or strengthens the business. You might refinance a conventional loan into an SBA loan to extend the term, reduce payments, or free up cash flow. This is different from a business acquisition loan.
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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