{"ok":true,"canonical_url":"https://dealroom.so/glossary/credit-memo","api_url":"https://dealroom.so/api/public/glossary/credit-memo","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":"credit-memo","term":"Credit Memo","group":"Reading the business","definition":"This is the lender's internal document that summarizes their analysis of your loan application and the business. It details why they believe you and the business are creditworthy.","what_it_means":"The credit memo is where the lender's underwriter lays out the case for approving your loan. It includes financial analysis, your creditworthiness, collateral evaluation, and how the business meets SBA eligibility rules. As a buyer, you won't typically see the full memo, but your loan officer will discuss its key findings with you, especially regarding any conditions of approval.","url":"https://dealroom.so/glossary/credit-memo","official_sources":[],"related":[{"slug":"underwriting","term":"Underwriting","url":"https://dealroom.so/glossary/underwriting"},{"slug":"credit-analysis","term":"Credit analysis","url":"https://dealroom.so/glossary/credit-analysis"},{"slug":"creditworthiness","term":"Creditworthiness","url":"https://dealroom.so/glossary/creditworthiness"},{"slug":"financial-projections","term":"Financial projections","url":"https://dealroom.so/glossary/financial-projections"}],"related_questions":[{"question":"How does a lender document adherence to prudent lending standards in the underwriting credit memo?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-document-adherence-to-prudent-lending-standards-in-the-underwriting-cred"},{"question":"How does the credit memo for a 7(a) loan demonstrate adherence to prudent lending standards?","url":"https://dealroom.so/for-lenders/questions/how-does-the-credit-memo-for-a-7-a-loan-demonstrate-adherence-to-prudent-lending-standards"},{"question":"Does the sunset of the SBSS score impact the requirement for a credit memo or documented credit analysis for 7(a) Small Loans?","url":"https://dealroom.so/for-lenders/questions/does-the-sunset-of-the-sbss-score-impact-the-requirement-for-a-credit-memo-or-documented-c"},{"question":"What specific information should a lender include in the credit memo for a 7(a) loan application?","url":"https://dealroom.so/for-lenders/questions/what-specific-information-should-a-lender-include-in-the-credit-memo-for-a-7-a-loan-applic"},{"question":"What information on SBA Form 1919 must be consistent with the lender's internal credit memo and E-Tran?","url":"https://dealroom.so/for-lenders/questions/what-information-on-sba-form-1919-must-be-consistent-with-the-lender-s-internal-credit-mem"},{"question":"What specific information on SBA Form 1919 must be consistent with the lender's internal credit memo and E-Tran submission?","url":"https://dealroom.so/for-lenders/questions/what-specific-information-on-sba-form-1919-must-be-consistent-with-the-lender-s-internal-c"}]},"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 — Credit Memo","url":"https://dealroom.so/glossary/credit-memo","source_type":"DealRoom Data"}}