{"ok":true,"canonical_url":"https://dealroom.so/glossary/embezzlement","api_url":"https://dealroom.so/api/public/glossary/embezzlement","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":"embezzlement","term":"Embezzlement","group":"People and paperwork","definition":"Embezzlement is the fraudulent appropriation of assets entrusted to one's care. This is a severe financial crime; any history of embezzlement will prevent you from obtaining an SBA loan due to character concerns.","what_it_means":"Embezzlement is a specific type of fraud that directly impacts financial trustworthiness. The SBA will view any past involvement as a disqualifying factor for loan eligibility, as it indicates a lack of Good character and financial integrity required of borrowers.","url":"https://dealroom.so/glossary/embezzlement","official_sources":[{"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"},{"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"}],"related":[{"slug":"fraud","term":"Fraud","url":"https://dealroom.so/glossary/fraud"},{"slug":"felony","term":"Felony","url":"https://dealroom.so/glossary/felony"},{"slug":"misrepresentation","term":"Misrepresentation","url":"https://dealroom.so/glossary/misrepresentation"},{"slug":"intentional-misrepresentation","term":"Intentional misrepresentation","url":"https://dealroom.so/glossary/intentional-misrepresentation"}],"related_questions":[]},"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 — Embezzlement","url":"https://dealroom.so/glossary/embezzlement","source_type":"DealRoom Data"}}