{"ok":true,"canonical_url":"https://dealroom.so/glossary/co-mingled","api_url":"https://dealroom.so/api/public/glossary/co-mingled","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":"co-mingled","term":"Co-mingled","group":"People and paperwork","definition":"Describes when personal and business funds or assets are mixed together, making it impossible to distinguish them. This is a major red flag for buyers and lenders as it obscures the true financial health of the business.","what_it_means":"Sellers who co-mingle funds complicate your due diligence and financial analysis, making it difficult to accurately calculate SDE or EBITDA since personal expenses might be hidden as business expenses. Insist on clear separation of all business and personal accounts and meticulously scrutinize bank statements for any irregular or unclear transactions.","url":"https://dealroom.so/glossary/co-mingled","official_sources":[],"related":[{"slug":"sde","term":"SDE","url":"https://dealroom.so/glossary/sde"},{"slug":"ebitda","term":"EBITDA","url":"https://dealroom.so/glossary/ebitda"},{"slug":"add-backs","term":"Add-backs","url":"https://dealroom.so/glossary/add-backs"},{"slug":"bank-statement","term":"Bank Statement","url":"https://dealroom.so/glossary/bank-statement"}],"related_questions":[{"question":"Is the SBA like a co-signer for my business loan?","url":"https://dealroom.so/sba-loans/basics/is-the-sba-like-a-co-signer-for-my-business-loan"},{"question":"What happens if a major co-owner or guarantor has a recent bankruptcy on their personal credit?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-a-major-co-owner-or-guarantor-has-a-recent-bankruptcy-on-their-personal-cr"},{"question":"What impact does a co-signer on my personal guaranty have on the SBA 7(a) loan approval?","url":"https://dealroom.so/sba-7a/questions/what-impact-does-a-co-signer-on-my-personal-guaranty-have-on-the-sba-7-a-loan-approval"},{"question":"Can an SBA 7(a) loan be used to purchase a business that is structured as a co-op?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-be-used-to-purchase-a-business-that-is-structured-as-a-co-op"},{"question":"Can an SBA 7(a) loan finance the entire $500,000 purchase price for buying out a co-owner?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-the-entire-500-000-purchase-price-for-buying-out-a-co-owner"},{"question":"What if my spouse is a co-signer on a personal asset offered as collateral but not an owner?","url":"https://dealroom.so/sba-7a/questions/what-if-my-spouse-is-a-co-signer-on-a-personal-asset-offered-as-collateral-but-not-an-owne"}]},"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 — Co-mingled","url":"https://dealroom.so/glossary/co-mingled","source_type":"DealRoom Data"}}