Glossary · The loan itself
In short
This involves changing the original terms of a loan's repayment schedule, often to help a borrower facing financial hardship avoid default. It could mean adjusting payment amounts or extending the loan term.
If your business faces unexpected financial challenges after acquisition, you might explore "restructuring of payments" with your lender. This could involve "deferred principal payment" or "interest-only payment" periods, but it requires lender and SBA approval. This is a "servicing" action to prevent "loan default."
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.
See which SBA lenders would fund your deal
Tell us the business, the price, and where you are — we'll point you to the lenders most likely to approve a 7(a) like yours and flag what trips up approval.
Free · No documents · Usually same-day