{"ok":true,"canonical_url":"https://dealroom.so/glossary/sba-form-148","api_url":"https://dealroom.so/api/public/glossary/sba-form-148","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":"sba-form-148","term":"SBA Form 148","aka":"Standby Agreement","group":"People and paperwork","definition":"This is the SBA form for the Standby Agreement. It's used when there's a seller note or other debt owed by the business to an associate or owner, requiring it to be subordinated.","what_it_means":"If you're using a seller note as part of your equity injection, the lender will require the seller to sign an SBA Form 148. This makes the seller's debt \"standby\" (subordinated) to the SBA loan, meaning the SBA loan gets paid first. Understand the terms, especially if it's a \"full standby\" or \"partial standby.\"","url":"https://dealroom.so/glossary/sba-form-148","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":"standby","term":"Standby","url":"https://dealroom.so/glossary/standby"},{"slug":"seller-note","term":"Seller note","url":"https://dealroom.so/glossary/seller-note"},{"slug":"subordinated-debt","term":"Subordinated Debt","url":"https://dealroom.so/glossary/subordinated-debt"},{"slug":"full-standby-agreement","term":"Full Standby Agreement","url":"https://dealroom.so/glossary/full-standby-agreement"}],"related_questions":[{"question":"What is the primary purpose of SBA Form 1919, 'Borrower Information Form'?","url":"https://dealroom.so/sba-loans/basics/what-is-the-primary-purpose-of-sba-form-1919-borrower-information-form"},{"question":"When must an applicant update their SBA Form 1919, Borrower Information Form, during underwriting?","url":"https://dealroom.so/for-lenders/questions/when-must-an-applicant-update-their-sba-form-1919-borrower-information-form-during-underwr"},{"question":"What is the primary purpose of SBA Form 1919 (Borrower Information Form) in 7(a) loan processing?","url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-sba-form-1919-borrower-information-form-in-7-a-loan-process"},{"question":"What is the importance of the SBA Form 1919 (Borrower Information Form) in the 7(a) loan application process?","url":"https://dealroom.so/for-lenders/questions/what-is-the-importance-of-the-sba-form-1919-borrower-information-form-in-the-7-a-loan-appl"},{"question":"What is the primary purpose of SBA Form 1919 for eligibility?","url":"https://dealroom.so/for-lenders/questions/what-is-the-primary-purpose-of-sba-form-1919-for-eligibility"},{"question":"What is the purpose of collecting borrower certifications on SBA Form 1919?","url":"https://dealroom.so/for-lenders/questions/what-is-the-purpose-of-collecting-borrower-certifications-on-sba-form-1919"}]},"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 — SBA Form 148","url":"https://dealroom.so/glossary/sba-form-148","source_type":"DealRoom Data"}}