{"ok":true,"canonical_url":"https://dealroom.so/glossary/full-satisfaction","api_url":"https://dealroom.so/api/public/glossary/full-satisfaction","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":"full-satisfaction","term":"Full satisfaction","group":"Doing the deal","definition":"The complete payment of a debt or fulfillment of an obligation, releasing the debtor from further liability. This is the goal for all debts in a deal.","what_it_means":"At closing, all existing business debt not being assumed or refinanced must be paid in full satisfaction. Ensure the closing statement clearly shows all seller liabilities are extinguished or handled.","url":"https://dealroom.so/glossary/full-satisfaction","official_sources":[],"related":[{"slug":"asset-purchase","term":"Asset purchase","url":"https://dealroom.so/glossary/asset-purchase"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"},{"slug":"discharge","term":"Discharge","url":"https://dealroom.so/glossary/discharge"},{"slug":"repayment-capacity","term":"Repayment capacity","url":"https://dealroom.so/glossary/repayment-capacity"}],"related_questions":[{"question":"What happens if business assets are insufficient for full loan collateral?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-business-assets-are-insufficient-for-full-loan-collateral"},{"question":"What is the required duration of a full standby seller note?","url":"https://dealroom.so/sba-7a/questions/what-is-the-required-duration-of-a-full-standby-seller-note"},{"question":"What are the specific conditions for an acceptable full standby agreement?","url":"https://dealroom.so/for-lenders/questions/what-are-the-specific-conditions-for-an-acceptable-full-standby-agreement"},{"question":"Can a full standby seller note accrue interest during the standby period?","url":"https://dealroom.so/for-lenders/questions/can-a-full-standby-seller-note-accrue-interest-during-the-standby-period"},{"question":"Under what conditions can a seller note on full standby be repaid early?","url":"https://dealroom.so/sba-7a/questions/under-what-conditions-can-a-seller-note-on-full-standby-be-repaid-early"},{"question":"What specific language must a seller note contain to qualify as full standby?","url":"https://dealroom.so/sba-7a/questions/what-specific-language-must-a-seller-note-contain-to-qualify-as-full-standby"}]},"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 — Full satisfaction","url":"https://dealroom.so/glossary/full-satisfaction","source_type":"DealRoom Data"}}