Glossary · The loan itself
In short
A recurring charge paid to a lender for managing and administering your loan. As a buyer, this is an ongoing cost that impacts your loan's effective interest rate and overall debt service.
For SBA 7(a) loans, the lender charges a monthly service fee, typically a percentage of the outstanding principal balance. This fee is separate from the interest rate and the SBA's upfront guaranty fee. Factor it into your global cash flow projections to understand the true cost of borrowing.
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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