{"ok":true,"canonical_url":"https://dealroom.so/glossary/fraud","api_url":"https://dealroom.so/api/public/glossary/fraud","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":"fraud","term":"Fraud","group":"People and paperwork","definition":"Fraud is intentional deception for personal or financial gain. Any involvement in fraud, particularly against the government, will immediately disqualify you from an SBA loan and could lead to legal trouble.","what_it_means":"The SBA takes fraud very seriously. If you've ever been involved in fraud, misrepresentation, or default on a federal loan, you're likely ineligible. Lenders will perform background checks, so full disclosure is critical to avoid allegations of Intentional misrepresentation, which can also lead to being Debarred from federal programs.","url":"https://dealroom.so/glossary/fraud","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":"embezzlement","term":"Embezzlement","url":"https://dealroom.so/glossary/embezzlement"},{"slug":"felony","term":"Felony","url":"https://dealroom.so/glossary/felony"},{"slug":"intentional-misrepresentation","term":"Intentional misrepresentation","url":"https://dealroom.so/glossary/intentional-misrepresentation"},{"slug":"fraud-allegation","term":"Fraud allegation","url":"https://dealroom.so/glossary/fraud-allegation"}],"related_questions":[{"question":"What specific documentation is required in the Universal Purchase Package (UPP) to support a request for guaranty purchase when the borrower has defaulted due to fraud?","url":"https://dealroom.so/for-lenders/questions/what-specific-documentation-is-required-in-the-universal-purchase-package-upp-to-support-a"}]},"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 — Fraud","url":"https://dealroom.so/glossary/fraud","source_type":"DealRoom Data"}}