{"ok":true,"canonical_url":"https://dealroom.so/glossary/attorney-fees","api_url":"https://dealroom.so/api/public/glossary/attorney-fees","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"attorney-fees","term":"Attorney Fees","group":"Doing the deal","definition":"Costs for legal services related to drafting and reviewing purchase agreements, loan documents, and other deal-related contracts. These are a necessary expense for protecting your interests.","what_it_means":"You will incur attorney fees for both your legal counsel and potentially the lender's counsel. Your attorney protects your interests in the purchase agreement and ensures you understand all loan terms. Don't skimp here; good legal advice is critical for a smooth closing and avoiding future liabilities.","url":"https://dealroom.so/glossary/attorney-fees","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"},{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"lender-closing-costs","term":"Lender closing costs","url":"https://dealroom.so/glossary/lender-closing-costs"},{"slug":"indemnification-from-the-seller","term":"Indemnification from the Seller","url":"https://dealroom.so/glossary/indemnification-from-the-seller"},{"slug":"business-valuation-fees","term":"Business Valuation Fees","url":"https://dealroom.so/glossary/business-valuation-fees"},{"slug":"total-project-costs","term":"Total project costs","url":"https://dealroom.so/glossary/total-project-costs"}],"related_questions":[{"question":"Can professional fees incurred during the due diligence phase, like attorney or accountant fees, count towards my equity injection?","url":"https://dealroom.so/sba-7a/questions/can-professional-fees-incurred-during-the-due-diligence-phase-like-attorney-or-accountant-"},{"question":"Can an SBA 7(a) loan include funds for closing costs like attorney fees?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-include-funds-for-closing-costs-like-attorney-fees"},{"question":"Are closing costs, like attorney fees, eligible to be part of the project costs for an SBA loan?","url":"https://dealroom.so/sba-7a/questions/are-closing-costs-like-attorney-fees-eligible-to-be-part-of-the-project-costs-for-an-sba-l"},{"question":"Besides upfront fees, are there ongoing annual fees for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/besides-upfront-fees-are-there-ongoing-annual-fees-for-an-sba-7-a-loan"},{"question":"Can the lender charge application fees or underwriting fees in addition to the SBA guaranty fee?","url":"https://dealroom.so/sba-7a/questions/can-the-lender-charge-application-fees-or-underwriting-fees-in-addition-to-the-sba-guarant"},{"question":"Are there different annual service fees (ongoing guaranty fees) based on the loan amount for an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/are-there-different-annual-service-fees-ongoing-guaranty-fees-based-on-the-loan-amount-for"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Attorney Fees","url":"https://dealroom.so/glossary/attorney-fees","source_type":"DealRoom Data"}}