{"ok":true,"canonical_url":"https://dealroom.so/glossary/loan-package","api_url":"https://dealroom.so/api/public/glossary/loan-package","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":"loan-package","term":"Loan package","group":"People and paperwork","definition":"This is the complete set of documents, financial statements, and application forms your lender compiles and submits to the SBA for approval and guaranty. It tells your business's story to the SBA.","what_it_means":"Your lender will work with you to assemble this, including your personal and business financial data, projections, and a business plan. Ensure all information is accurate and complete, as any deficiencies can delay or jeopardize your loan approval and due diligence.","url":"https://dealroom.so/glossary/loan-package","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":"underwriting","term":"Underwriting","url":"https://dealroom.so/glossary/underwriting"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"form-1919","term":"Form 1919","url":"https://dealroom.so/glossary/form-1919"},{"slug":"sop-50-10","term":"SOP 50 10","url":"https://dealroom.so/glossary/sop-50-10"}],"related_questions":[{"question":"What is the primary purpose of the Universal Purchase Package (UPP)?","url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-the-universal-purchase-package-upp"},{"question":"Can a lender include unapproved legal fees in a Universal Purchase Package (UPP)?","url":"https://dealroom.so/for-lenders/questions/can-a-lender-include-unapproved-legal-fees-in-a-universal-purchase-package-upp"},{"question":"What is the primary purpose of the Universal Purchase Package (UPP) for lenders?","url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-the-universal-purchase-package-upp-for-lenders"},{"question":"How long does the SBA's evaluation process typically take after my lender submits the loan package?","url":"https://dealroom.so/sba-7a/questions/how-long-does-the-sba-s-evaluation-process-typically-take-after-my-lender-submits-the-loan"},{"question":"What is the timeframe for a lender to submit a Universal Purchase Package (UPP) after loan default?","url":"https://dealroom.so/for-lenders/questions/what-is-the-timeframe-for-a-lender-to-submit-a-universal-purchase-package-upp-after-loan-d"},{"question":"What is the typical timeframe for a lender to submit a Universal Purchase Package (UPP) after loan default?","url":"https://dealroom.so/for-lenders/questions/what-is-the-typical-timeframe-for-a-lender-to-submit-a-universal-purchase-package-upp-afte"}]},"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 — Loan package","url":"https://dealroom.so/glossary/loan-package","source_type":"DealRoom Data"}}