Glossary · The loan itself
In short
The benchmark interest rate published daily by The Wall Street Journal, used by most lenders to set the variable interest rate for SBA 7(a) loans. It directly impacts your monthly payments.
Your SBA 7(a) loan will likely have a variable interest rate, expressed as WSJ Prime Rate plus a "spread." This means your interest payments will fluctuate as the Prime Rate changes. Understand the current Prime Rate and how the spread affects your initial payment.
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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