Glossary · The loan itself
In short
This is a widely published interest rate that banks use as a base for many variable-rate loans. For SBA 7(a) loans, it's often the benchmark to which a "spread" is added to calculate your interest rate.
Many SBA 7(a) loans are variable-rate, meaning your interest payments will fluctuate with WSJ Prime. Understand how changes in this rate will impact your monthly debt service. Monitor its trends, as even small shifts can affect your cash flow.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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