Glossary · The loan itself
Refinancing
In short
Replacing an existing loan with a new one, often to get better terms or lower payments. For SBA, this typically refers to refinancing existing business debt.
What it means in a deal
The SBA 7(a) loan program allows for refinancing existing business debt under certain conditions, primarily when it benefits the business owner or strengthens the business. You might refinance a conventional loan into an SBA loan to extend the term, reduce payments, or free up cash flow. This is different from a business acquisition loan.
Official sources
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.
Related terms
Common questions about Refinancing
Defined by CapBench 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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