{"ok":true,"canonical_url":"https://dealroom.so/glossary/post-closing-review","api_url":"https://dealroom.so/api/public/glossary/post-closing-review","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":"post-closing-review","term":"Post-closing review","group":"Doing the deal","definition":"This is when the lender, or often the SBA itself, reviews the loan file after closing to ensure all regulations, policies, and conditions were met. It verifies the loan was properly approved and documented.","what_it_means":"Even after you've closed and funded your SBA 7(a) loan, the SBA can conduct a post-closing review. If errors are found, it could impact the SBA guarantee or even lead to a call of the guaranty. Ensure all documentation is accurate and complete.","url":"https://dealroom.so/glossary/post-closing-review","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":"underwriting","term":"Underwriting","url":"https://dealroom.so/glossary/underwriting"},{"slug":"compliance","term":"Compliance","url":"https://dealroom.so/glossary/compliance"},{"slug":"sba-guarantee","term":"SBA guarantee","url":"https://dealroom.so/glossary/sba-guarantee"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"}],"related_questions":[{"question":"What if a lender's internal loan review discovers a potential eligibility issue post-closing?","url":"https://dealroom.so/for-lenders/questions/what-if-a-lender-s-internal-loan-review-discovers-a-potential-eligibility-issue-post-closi"},{"question":"What is the SBA's requirement for a buyer's post-closing working capital position?","url":"https://dealroom.so/sba-7a/questions/what-is-the-sba-s-requirement-for-a-buyer-s-post-closing-working-capital-position"},{"question":"How does a lender prevent a guaranty denial related to undisclosed affiliations identified post-closing?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-prevent-a-guaranty-denial-related-to-undisclosed-affiliations-identified"},{"question":"What specific actions must a lender take if they discover undisclosed environmental contamination post-closing?","url":"https://dealroom.so/for-lenders/questions/what-specific-actions-must-a-lender-take-if-they-discover-undisclosed-environmental-contam"},{"question":"If an eligibility issue is discovered post-closing, what is the impact on the SBA guaranty?","url":"https://dealroom.so/for-lenders/questions/if-an-eligibility-issue-is-discovered-post-closing-what-is-the-impact-on-the-sba-guaranty"},{"question":"What if I plan to make significant changes to the acquired business's operations post-closing?","url":"https://dealroom.so/sba-7a/questions/what-if-i-plan-to-make-significant-changes-to-the-acquired-business-s-operations-post-clos"}]},"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 — Post-closing review","url":"https://dealroom.so/glossary/post-closing-review","source_type":"DealRoom Data"}}