{"ok":true,"canonical_url":"https://dealroom.so/glossary/lender-closing-costs","api_url":"https://dealroom.so/api/public/glossary/lender-closing-costs","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":"lender-closing-costs","term":"Lender closing costs","group":"The loan itself","definition":"These are fees and expenses charged by the lender to process and close your SBA loan, beyond the principal and interest. They add to your total project cost and can often be financed as part of the loan.","what_it_means":"Lender closing costs typically include items like application fees, packaging fees, legal fees, appraisal fees, and environmental report costs. Review the SBA Loan Authorization carefully to understand all itemized costs. Negotiate what you can, but expect certain third-party costs as standard for a 7(a) acquisition.","url":"https://dealroom.so/glossary/lender-closing-costs","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":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"legal-fee","term":"Legal fee","url":"https://dealroom.so/glossary/legal-fee"},{"slug":"packaging-fee","term":"Packaging fee","url":"https://dealroom.so/glossary/packaging-fee"},{"slug":"total-project-costs","term":"Total project costs","url":"https://dealroom.so/glossary/total-project-costs"},{"slug":"appraisal","term":"Appraisal","url":"https://dealroom.so/glossary/appraisal"}],"related_questions":[{"question":"Are closing costs, like attorney fees, eligible to be part of the project costs for an SBA loan?","url":"https://dealroom.so/sba-7a/questions/are-closing-costs-like-attorney-fees-eligible-to-be-part-of-the-project-costs-for-an-sba-l"},{"question":"How does a lender handle a 7(a) loan authorization amendment request for an increase in project costs post-closing?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-handle-a-7-a-loan-authorization-amendment-request-for-an-increase-in-pro"},{"question":"Can an SBA 7(a) loan cover closing costs associated with a business acquisition?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-cover-closing-costs-associated-with-a-business-acquisition"},{"question":"Can an SBA 7(a) loan include funds for closing costs like attorney fees?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-include-funds-for-closing-costs-like-attorney-fees"},{"question":"Can the seller's payment of closing costs on my behalf count towards my equity injection?","url":"https://dealroom.so/sba-7a/questions/can-the-seller-s-payment-of-closing-costs-on-my-behalf-count-towards-my-equity-injection"},{"question":"Can an SBA 7(a) loan cover closing costs and professional fees for a business acquisition?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-cover-closing-costs-and-professional-fees-for-a-business-acquisition"}]},"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 — Lender closing costs","url":"https://dealroom.so/glossary/lender-closing-costs","source_type":"DealRoom Data"}}