Glossary · The loan itself
In short
An SBA 7(a) loan where the interest rate can change over time, typically tied to a base rate plus a fixed spread. This means your monthly payment can fluctuate.
Most 7(a) loans are variable-rate, indexed to either WSJ Prime or Term SOFR. Understand the base rate and the spread your lender offers, as market shifts will impact your debt service. Model different rate scenarios in your cash flow projections.
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.
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