{"ok":true,"canonical_url":"https://dealroom.so/glossary/certifications","api_url":"https://dealroom.so/api/public/glossary/certifications","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":"certifications","term":"Certifications","group":"People and paperwork","definition":"Formal attestations or statements confirming certain facts or conditions, often required by the lender or SBA. Buyers will sign many certifications, confirming their understanding and agreement to loan terms and eligibility.","what_it_means":"During the SBA loan process, you'll sign numerous certifications related to your eligibility, use of proceeds, and compliance with SBA rules. These are legally binding and attest to the truthfulness of your statements. Read each one carefully; misrepresentations can lead to loan default or even fraud charges.","url":"https://dealroom.so/glossary/certifications","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":"disclosures","term":"Disclosures","url":"https://dealroom.so/glossary/disclosures"},{"slug":"sba-loan-authorization","term":"SBA Loan Authorization","url":"https://dealroom.so/glossary/sba-loan-authorization"},{"slug":"penalty-of-perjury","term":"Penalty of perjury","url":"https://dealroom.so/glossary/penalty-of-perjury"},{"slug":"form-1919","term":"Form 1919","url":"https://dealroom.so/glossary/form-1919"}],"related_questions":[{"question":"What is the purpose of collecting borrower certifications on SBA Form 1919?","url":"https://dealroom.so/for-lenders/questions/what-is-the-purpose-of-collecting-borrower-certifications-on-sba-form-1919"},{"question":"What specific certifications on SBA Form 1920 (or E-Tran equivalent) relate to credit elsewhere?","url":"https://dealroom.so/for-lenders/questions/what-specific-certifications-on-sba-form-1920-or-e-tran-equivalent-relate-to-credit-elsewh"},{"question":"Are specific certifications or licenses required for my industry for SBA 7(a) loan approval?","url":"https://dealroom.so/sba-7a/questions/are-specific-certifications-or-licenses-required-for-my-industry-for-sba-7-a-loan-approval"},{"question":"Are there specific certifications or licenses required for my industry for SBA 7(a) loan approval?","url":"https://dealroom.so/sba-7a/questions/are-there-specific-certifications-or-licenses-required-for-my-industry-for-sba-7-a-loan-ap"},{"question":"What eligibility certifications are collected on SBA Form 1919 that are crucial for a 7(a) loan application?","url":"https://dealroom.so/for-lenders/questions/what-eligibility-certifications-are-collected-on-sba-form-1919-that-are-crucial-for-a-7-a-"},{"question":"How does a lender verify the accuracy and completeness of borrower certifications on SBA Form 1919 regarding criminal history?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-verify-the-accuracy-and-completeness-of-borrower-certifications-on-sba-f"}]},"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 — Certifications","url":"https://dealroom.so/glossary/certifications","source_type":"DealRoom Data"}}