{"ok":true,"canonical_url":"https://dealroom.so/glossary/discharged-felony-conviction","api_url":"https://dealroom.so/api/public/glossary/discharged-felony-conviction","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":"discharged-felony-conviction","term":"Discharged felony conviction","group":"People and paperwork","definition":"This refers to a felony conviction where the sentence, parole, or probation has been completed. It's critical for SBA loan eligibility, as certain past convictions can disqualify you.","what_it_means":"If you, or any key principal, have a felony conviction, the SBA will scrutinize it. While a discharged felony isn't an automatic disqualifier, the SBA considers the nature of the crime, the time passed, and your rehabilitation. You'll need to disclose this on Form 1919 and provide all requested documentation to the lender for their review and SBA's determination.","url":"https://dealroom.so/glossary/discharged-felony-conviction","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":"felony","term":"Felony","url":"https://dealroom.so/glossary/felony"},{"slug":"exclusionary-period","term":"Exclusionary period","url":"https://dealroom.so/glossary/exclusionary-period"},{"slug":"form-1919","term":"Form 1919","url":"https://dealroom.so/glossary/form-1919"}],"related_questions":[{"question":"What if an applicant business owner has a recent felony conviction that has been discharged?","url":"https://dealroom.so/for-lenders/questions/what-if-an-applicant-business-owner-has-a-recent-felony-conviction-that-has-been-discharge"},{"question":"What if I have a prior felony conviction on my record?","url":"https://dealroom.so/sba-loans/basics/what-if-i-have-a-prior-felony-conviction-on-my-record"},{"question":"Will a felony conviction prevent me from getting an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/will-a-felony-conviction-prevent-me-from-getting-an-sba-7-a-loan"},{"question":"What is the specific look-back period for an owner's prior felony conviction on SBA Form 1919?","url":"https://dealroom.so/for-lenders/questions/what-is-the-specific-look-back-period-for-an-owner-s-prior-felony-conviction-on-sba-form-1"},{"question":"When can a criminal record or felony conviction render a borrower ineligible for an SBA 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/when-can-a-criminal-record-or-felony-conviction-render-a-borrower-ineligible-for-an-sba-7-"},{"question":"If I have a felony conviction from 15 years ago, am I automatically ineligible for an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/if-i-have-a-felony-conviction-from-15-years-ago-am-i-automatically-ineligible-for-an-sba-7"}]},"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 — Discharged felony conviction","url":"https://dealroom.so/glossary/discharged-felony-conviction","source_type":"DealRoom Data"}}