Glossary · The loan itself
Repayment plan
In short
The schedule detailing how you will pay back your SBA 7(a) loan, including principal and interest, over the loan's term. This dictates your monthly debt service and cash flow requirements.
What it means in a deal
Your SBA 7(a) loan will have a fixed repayment plan, typically with monthly payments over 10 years for a business acquisition. Understand the amortization schedule and how principal and interest payments change over time. Ensure your projected cash flow after debt service can comfortably cover these payments.
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 Repayment plan
- What is the typical repayment term for working capital only?
- Is a comprehensive business plan mandatory for an SBA 7(a) loan?
- Does the SBA set specific repayment schedules for 7(a) loans?
- Is a detailed business plan necessary for an SBA 7(a) loan application?
- How important is a business plan for an SBA 7(a) loan application?
- Does the SBA require me to create a formal business plan to apply?
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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