{"ok":true,"canonical_url":"https://dealroom.so/glossary/closing-disclosure","api_url":"https://dealroom.so/api/public/glossary/closing-disclosure","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":"closing-disclosure","term":"Closing Disclosure","group":"People and paperwork","definition":"This is a detailed five-page form that provides final details about your loan. It includes the loan terms, projected monthly payments, and how much you'll pay in fees and other costs to get your mortgage.","what_it_means":"You'll receive this at least three business days before closing. Review it carefully to ensure all fees and terms match what you agreed to in your SBA Loan Authorization. Any discrepancies need to be addressed with your lender immediately before signing.","url":"https://dealroom.so/glossary/closing-disclosure","official_sources":[],"related":[{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"},{"slug":"lender-closing-costs","term":"Lender closing costs","url":"https://dealroom.so/glossary/lender-closing-costs"},{"slug":"sba-loan-authorization","term":"SBA Loan Authorization","url":"https://dealroom.so/glossary/sba-loan-authorization"}],"related_questions":[{"question":"If a seller note on full standby is repaid prematurely, what are the lender's disclosure obligations to the SBA?","url":"https://dealroom.so/for-lenders/questions/if-a-seller-note-on-full-standby-is-repaid-prematurely-what-are-the-lender-s-disclosure-ob"},{"question":"Which pre-closing business expenses can count towards equity?","url":"https://dealroom.so/sba-7a/questions/which-pre-closing-business-expenses-can-count-towards-equity"},{"question":"When is an amended SBA loan authorization required after closing?","url":"https://dealroom.so/for-lenders/questions/when-is-an-amended-sba-loan-authorization-required-after-closing"},{"question":"Can working capital be used for unexpected business expenses after closing?","url":"https://dealroom.so/sba-7a/questions/can-working-capital-be-used-for-unexpected-business-expenses-after-closing"},{"question":"Is a cash infusion into the business prior to closing considered equity?","url":"https://dealroom.so/sba-7a/questions/is-a-cash-infusion-into-the-business-prior-to-closing-considered-equity"},{"question":"What is the typical timeframe from submitting a complete application to loan closing?","url":"https://dealroom.so/sba-loans/basics/what-is-the-typical-timeframe-from-submitting-a-complete-application-to-loan-closing"}]},"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 — Closing Disclosure","url":"https://dealroom.so/glossary/closing-disclosure","source_type":"DealRoom Data"}}