{"ok":true,"canonical_url":"https://dealroom.so/glossary/intentional-misrepresentation","api_url":"https://dealroom.so/api/public/glossary/intentional-misrepresentation","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":"intentional-misrepresentation","term":"Intentional misrepresentation","group":"People and paperwork","definition":"Intentional misrepresentation is deliberately providing false information or concealing crucial facts to deceive another party. This is a serious offense that can invalidate a deal and lead to legal action, including federal penalties.","what_it_means":"If a seller provides false financial statements, or you as the buyer intentionally misstate your personal financial health on Form 1919, it's Intentional misrepresentation. The SBA and lenders scrutinize all disclosures, and such actions can lead to loan denial, legal penalties, or even being Debarred from federal programs.","url":"https://dealroom.so/glossary/intentional-misrepresentation","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":"omission-of-material-facts","term":"Omission of material facts","url":"https://dealroom.so/glossary/omission-of-material-facts"},{"slug":"misrepresentation","term":"Misrepresentation","url":"https://dealroom.so/glossary/misrepresentation"},{"slug":"penalty-of-perjury","term":"Penalty of perjury","url":"https://dealroom.so/glossary/penalty-of-perjury"}],"related_questions":[{"question":"What constitutes a \"material misrepresentation\" by a borrower that could lead to a 7(a) guaranty denial?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-a-material-misrepresentation-by-a-borrower-that-could-lead-to-a-7-a-guara"},{"question":"What constitutes a \"material misrepresentation\" by a borrower that could lead to an outright 7(a) guaranty denial?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-a-material-misrepresentation-by-a-borrower-that-could-lead-to-an-outright"},{"question":"What are the consequences if SBA Form 1919 contains material omissions or misrepresentations?","url":"https://dealroom.so/for-lenders/questions/what-are-the-consequences-if-sba-form-1919-contains-material-omissions-or-misrepresentatio"}]},"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 — Intentional misrepresentation","url":"https://dealroom.so/glossary/intentional-misrepresentation","source_type":"DealRoom Data"}}