{"ok":true,"canonical_url":"https://dealroom.so/glossary/current-indictment","api_url":"https://dealroom.so/api/public/glossary/current-indictment","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":"current-indictment","term":"Current indictment","group":"People and paperwork","definition":"A current indictment means formal charges have been filed against an individual for a crime. If a key principal is currently under indictment, the SBA will not approve a loan until the charges are resolved.","what_it_means":"The SBA requires all key principals to be of good character. An open indictment means the SBA cannot make a character determination. The loan process will halt until the legal matter is fully resolved, and even then, the outcome could still jeopardize eligibility if it leads to a conviction.","url":"https://dealroom.so/glossary/current-indictment","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":"sba-form-1919","title":"SBA Form 1919 — Borrower Information Form","official_url":"https://www.sba.gov/document/sba-form-1919-borrower-information-form","official_label":"View on SBA.gov","authority_tier":4,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sba-form-1919"}],"related":[{"slug":"deferred-prosecution","term":"Deferred Prosecution","url":"https://dealroom.so/glossary/deferred-prosecution"},{"slug":"crime-involving-fraud-or-dishonesty","term":"Crime Involving Fraud or Dishonesty","url":"https://dealroom.so/glossary/crime-involving-fraud-or-dishonesty"},{"slug":"arrest","term":"Arrest","url":"https://dealroom.so/glossary/arrest"},{"slug":"felony","term":"Felony","url":"https://dealroom.so/glossary/felony"}],"related_questions":[{"question":"What are the current size standards for a manufacturing business eligibility?","url":"https://dealroom.so/for-lenders/questions/what-are-the-current-size-standards-for-a-manufacturing-business-eligibility"},{"question":"Can I use an SBA 7(a) loan to expand my current business operations?","url":"https://dealroom.so/sba-loans/basics/can-i-use-an-sba-7-a-loan-to-expand-my-current-business-operations"},{"question":"What are the current alternative base rate options for variable rate 7(a) loans?","url":"https://dealroom.so/for-lenders/questions/what-are-the-current-alternative-base-rate-options-for-variable-rate-7-a-loans"},{"question":"Can a partial equity injection come from a deferred management bonus from my current employer?","url":"https://dealroom.so/sba-7a/questions/can-a-partial-equity-injection-come-from-a-deferred-management-bonus-from-my-current-emplo"},{"question":"Can an SBA 7(a) loan be used to buy out a current business partner?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-to-buy-out-a-current-business-partner"},{"question":"What are the current alternative base rate options available for variable rate 7(a) loans?","url":"https://dealroom.so/for-lenders/questions/what-are-the-current-alternative-base-rate-options-available-for-variable-rate-7-a-loans"}]},"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 — Current indictment","url":"https://dealroom.so/glossary/current-indictment","source_type":"DealRoom Data"}}