{"ok":true,"canonical_url":"https://dealroom.so/glossary/indictment","api_url":"https://dealroom.so/api/public/glossary/indictment","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":"indictment","term":"Indictment","group":"People and paperwork","definition":"An indictment is a formal accusation by a grand jury that there is enough evidence to bring criminal charges. If you or a key principal face an indictment, it impacts your eligibility for an SBA loan.","what_it_means":"SBA requires good character from all key principals. An indictment for a felony or a crime involving moral turpitude will make you ineligible for an SBA 7(a) loan until the matter is resolved. You must disclose any such history on SBA Form 1919; failure to do so is a serious issue.","url":"https://dealroom.so/glossary/indictment","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":"misdemeanor-conviction","term":"Misdemeanor Conviction","url":"https://dealroom.so/glossary/misdemeanor-conviction"},{"slug":"form-1919","term":"Form 1919","url":"https://dealroom.so/glossary/form-1919"},{"slug":"good-character","term":"Good character","url":"https://dealroom.so/glossary/good-character"}],"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 — Indictment","url":"https://dealroom.so/glossary/indictment","source_type":"DealRoom Data"}}