{"ok":true,"canonical_url":"https://dealroom.so/glossary/repair","api_url":"https://dealroom.so/api/public/glossary/repair","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":"repair","term":"Repair","group":"Doing the deal","definition":"This refers to fixing physical deficiencies or damage to business assets or property. For an acquisition, significant repairs might impact the valuation or loan terms.","what_it_means":"During due diligence, an appraisal or site visit might identify necessary repairs to real estate or equipment. If these repairs are substantial, they could affect the asset's appraised value or require funds to be allocated from the loan proceeds or your equity injection to complete them post-closing.","url":"https://dealroom.so/glossary/repair","official_sources":[],"related":[{"slug":"appraisal","term":"Appraisal","url":"https://dealroom.so/glossary/appraisal"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"asset-purchase","term":"Asset purchase","url":"https://dealroom.so/glossary/asset-purchase"},{"slug":"working-capital","term":"Working capital","url":"https://dealroom.so/glossary/working-capital"}],"related_questions":[{"question":"What constitutes a \"repair\" to the SBA guaranty during a purchase request?","url":"https://dealroom.so/for-lenders/questions/what-constitutes-a-repair-to-the-sba-guaranty-during-a-purchase-request"},{"question":"What common underwriting errors typically lead to an SBA 7(a) loan guaranty repair?","url":"https://dealroom.so/for-lenders/questions/what-common-underwriting-errors-typically-lead-to-an-sba-7-a-loan-guaranty-repair"},{"question":"What is the key impact of a 'repair' on an SBA guaranty purchase request?","url":"https://dealroom.so/for-lenders/questions/what-is-the-key-impact-of-a-repair-on-an-sba-guaranty-purchase-request"},{"question":"Can a lender appeal an SBA decision to repair or deny a guaranty purchase request?","url":"https://dealroom.so/for-lenders/questions/can-a-lender-appeal-an-sba-decision-to-repair-or-deny-a-guaranty-purchase-request"},{"question":"What specific actions or omissions by a lender in liquidation can lead to a guaranty repair?","url":"https://dealroom.so/for-lenders/questions/what-specific-actions-or-omissions-by-a-lender-in-liquidation-can-lead-to-a-guaranty-repai"},{"question":"What specific lender errors typically result in a 'repair' of the 7(a) guaranty during liquidation?","url":"https://dealroom.so/for-lenders/questions/what-specific-lender-errors-typically-result-in-a-repair-of-the-7-a-guaranty-during-liquid"}]},"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 — Repair","url":"https://dealroom.so/glossary/repair","source_type":"DealRoom Data"}}