Glossary · Doing the deal
In short
The ongoing management of your loan by the lender after closing, including collecting payments, handling inquiries, and managing any issues that arise. Effective servicing is crucial for the life of your loan.
Post-closing, your lender or a third-party servicer will manage your 7(a) loan. This includes processing your monthly payments, managing escrow accounts for taxes/insurance, and addressing any requests for changes to the loan terms. Maintain open communication with your servicer, especially if you foresee payment difficulties.
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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