{"ok":true,"canonical_url":"https://dealroom.so/glossary/settlement","api_url":"https://dealroom.so/api/public/glossary/settlement","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":"settlement","term":"Settlement","group":"Doing the deal","definition":"This is the final stage of a transaction where all parties sign necessary documents, funds are disbursed, and ownership officially transfers. It's the closing of the deal.","what_it_means":"For your SBA 7(a) acquisition, settlement is the culmination of due diligence, underwriting, and legal work. All conditions precedent must be met, including your equity injection and any seller financing. Be prepared for extensive document signing.","url":"https://dealroom.so/glossary/settlement","official_sources":[],"related":[{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"equity-injection","term":"Equity injection","url":"https://dealroom.so/glossary/equity-injection"},{"slug":"investment-agreement","term":"Investment Agreement","url":"https://dealroom.so/glossary/investment-agreement"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"}],"related_questions":[{"question":"Will a past civil lawsuit settlement (not bankruptcy) affect my SBA 7(a) loan eligibility?","url":"https://dealroom.so/sba-7a/questions/will-a-past-civil-lawsuit-settlement-not-bankruptcy-affect-my-sba-7-a-loan-eligibility"}]},"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 — Settlement","url":"https://dealroom.so/glossary/settlement","source_type":"DealRoom Data"}}