SBA loan basics
Short answer
Yes, you can and should negotiate certain loan terms with your lender, including the interest rate (within SBA caps) and any lender-specific fees.
While the SBA sets maximum interest rates and certain fees, lenders have discretion within these limits. Borrowers can negotiate the interest rate spread above the base rate, as well as any lender packaging or administrative fees. A strong financial profile and a competitive offer from another lender can improve your negotiating position.
A lender initially offers a rate of Prime + 3.00% and a 2% packaging fee. If you present a competing offer of Prime + 2.50% from another lender, your current lender might be willing to reduce their spread or fees.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
7(a) Loan Program — Terms, Conditions, and Eligibility
U.S. Small Business Administration · Official SBA source
SOP 50 10 - Lender and Development Company Loan Programs
7(a) Fees Effective During Fiscal Year 2026
Last checked 2026-06-13. Official sources control — verify before relying on any rule for a live deal.
Last reviewed 2026-06-13 · SBA sources checked through 2026-06-13. DealRoom analysis of public SBA 7(a) lending records (FY2020–present). Grounded in the current SBA rulebook; verify against the official sources above before relying on it for a live deal. Not legal, tax, or financial advice, and not an approval decision.
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