{"ok":true,"canonical_url":"https://dealroom.so/glossary/irrevocable-trust","api_url":"https://dealroom.so/api/public/glossary/irrevocable-trust","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":"irrevocable-trust","term":"Irrevocable trust","group":"People and paperwork","definition":"A trust that generally cannot be modified, amended, or terminated by the grantor after it's created. The grantor gives up control over the assets transferred into it.","what_it_means":"If a business's ownership or assets are held in an irrevocable trust, the SBA will require the trustee and potentially the beneficiaries to be involved. The lender will need to understand who controls the trust and its assets, as these individuals may be required to guarantee the loan.","url":"https://dealroom.so/glossary/irrevocable-trust","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"}],"related":[{"slug":"revocable-grantor-trust","term":"Revocable grantor trust","url":"https://dealroom.so/glossary/revocable-grantor-trust"},{"slug":"grantor","term":"Grantor","url":"https://dealroom.so/glossary/grantor"},{"slug":"trust-agreement","term":"Trust agreement","url":"https://dealroom.so/glossary/trust-agreement"},{"slug":"beneficial-interest","term":"Beneficial interest","url":"https://dealroom.so/glossary/beneficial-interest"}],"related_questions":[{"question":"For a business owned by a trust, what citizenship and residency requirements apply to the trustee for 7(a) eligibility?","url":"https://dealroom.so/for-lenders/questions/for-a-business-owned-by-a-trust-what-citizenship-and-residency-requirements-apply-to-the-t"},{"question":"Can a business owned by a trust be eligible for a 7(a) loan if the trustee is a foreign national?","url":"https://dealroom.so/for-lenders/questions/can-a-business-owned-by-a-trust-be-eligible-for-a-7-a-loan-if-the-trustee-is-a-foreign-nat"},{"question":"How does the SBA determine affiliation between businesses controlled by a common trust?","url":"https://dealroom.so/for-lenders/questions/how-does-the-sba-determine-affiliation-between-businesses-controlled-by-a-common-trust"},{"question":"When does common ownership through a trust or estate create affiliation for size purposes?","url":"https://dealroom.so/for-lenders/questions/when-does-common-ownership-through-a-trust-or-estate-create-affiliation-for-size-purposes"},{"question":"Can I use inherited money that is currently in a trust to fund my equity injection?","url":"https://dealroom.so/sba-7a/questions/can-i-use-inherited-money-that-is-currently-in-a-trust-to-fund-my-equity-injection"},{"question":"Can a trust or an estate be an eligible borrower for an SBA 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/can-a-trust-or-an-estate-be-an-eligible-borrower-for-an-sba-7-a-loan"}]},"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 — Irrevocable trust","url":"https://dealroom.so/glossary/irrevocable-trust","source_type":"DealRoom Data"}}