{"ok":true,"canonical_url":"https://dealroom.so/glossary/eligible-closing-cost","api_url":"https://dealroom.so/api/public/glossary/eligible-closing-cost","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":"eligible-closing-cost","term":"Eligible closing cost","group":"The loan itself","definition":"Specific expenses associated with finalizing your SBA loan and acquisition that can be included in the total loan amount. These reduce your out-of-pocket expenses.","what_it_means":"The SBA defines which closing costs are \"eligible\" to be financed within the 7(a) loan, such as the upfront guaranty fee, packaging fees, environmental reviews, and legal fees. These are distinct from your equity injection. Your lender will provide a detailed breakdown, ensuring compliance with SBA rules.","url":"https://dealroom.so/glossary/eligible-closing-cost","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":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"project-cost","term":"Project cost","url":"https://dealroom.so/glossary/project-cost"},{"slug":"upfront-guaranty-fee","term":"Upfront Guaranty Fee","url":"https://dealroom.so/glossary/upfront-guaranty-fee"},{"slug":"lender-closing-costs","term":"Lender closing costs","url":"https://dealroom.so/glossary/lender-closing-costs"},{"slug":"use-of-proceeds","term":"Use of proceeds","url":"https://dealroom.so/glossary/use-of-proceeds"}],"related_questions":[{"question":"Can closing costs such as legal and accounting fees be included in the total project cost for the 10% calculation?","url":"https://dealroom.so/sba-7a/questions/can-closing-costs-such-as-legal-and-accounting-fees-be-included-in-the-total-project-cost-"},{"question":"Are closing costs, like attorney fees, eligible to be part of the project costs for an SBA loan?","url":"https://dealroom.so/sba-7a/questions/are-closing-costs-like-attorney-fees-eligible-to-be-part-of-the-project-costs-for-an-sba-l"},{"question":"Are pre-closing legal and accounting fees eligible to be counted towards my equity injection?","url":"https://dealroom.so/sba-7a/questions/are-pre-closing-legal-and-accounting-fees-eligible-to-be-counted-towards-my-equity-injecti"},{"question":"Can an existing business with significant negative working capital at closing still be eligible for a 7(a) acquisition loan?","url":"https://dealroom.so/for-lenders/questions/can-an-existing-business-with-significant-negative-working-capital-at-closing-still-be-eli"},{"question":"What factors primarily influence the premium cost of business life insurance?","url":"https://dealroom.so/sba-7a/questions/what-factors-primarily-influence-the-premium-cost-of-business-life-insurance"},{"question":"Can an SBA 7(a) loan cover closing costs associated with a business acquisition?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-cover-closing-costs-associated-with-a-business-acquisition"}]},"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 — Eligible closing cost","url":"https://dealroom.so/glossary/eligible-closing-cost","source_type":"DealRoom Data"}}