Glossary · The loan itself
In short
This is the fixed percentage added to a base rate (like WSJ Prime or Term SOFR) to determine your loan's variable interest rate. It's a key factor in your monthly payments.
For an SBA 7(a) loan, the interest rate is typically variable, meaning it adjusts periodically. The margin is set at closing and doesn't change, but the overall rate fluctuates with the base rate. Understand how changes in the base rate will impact your monthly debt service.
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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