Glossary · The loan itself
In short
A term loan is a lump sum of money lent for a specific period (the "term"), repaid in regular installments with interest. Most SBA 7(a) acquisition loans are structured as term loans.
Your SBA 7(a) acquisition loan will be a term loan, usually with a 10-year term for business-only acquisitions or 25 years if real estate is included. Understand the fixed repayment schedule and how it impacts your cash flow and loan obligation.
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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