{"ok":true,"canonical_url":"https://dealroom.so/glossary/intermediary","api_url":"https://dealroom.so/api/public/glossary/intermediary","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":"intermediary","term":"Intermediary","group":"People and paperwork","definition":"A professional who facilitates a business sale, such as a business broker or M&A advisor. They connect buyers and sellers and help navigate the transaction.","what_it_means":"An intermediary can be invaluable in finding businesses, valuing them, and managing the sales process. While they often represent the seller, a good one can streamline communication and paperwork, helping you focus on due diligence. Understand who they represent.","url":"https://dealroom.so/glossary/intermediary","official_sources":[],"related":[{"slug":"business-broker","term":"Business broker","url":"https://dealroom.so/glossary/business-broker"},{"slug":"ma-advisor","term":"M&A advisor","url":"https://dealroom.so/glossary/ma-advisor"},{"slug":"business-valuation","term":"Business valuation","url":"https://dealroom.so/glossary/business-valuation"},{"slug":"sales-agreement","term":"Sales agreement","url":"https://dealroom.so/glossary/sales-agreement"}],"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 — Intermediary","url":"https://dealroom.so/glossary/intermediary","source_type":"DealRoom Data"}}