{"ok":true,"canonical_url":"https://dealroom.so/glossary/settlement-statement","api_url":"https://dealroom.so/api/public/glossary/settlement-statement","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-statement","term":"Settlement Statement","aka":"Closing Statement","group":"Doing the deal","definition":"This document details all funds exchanged between parties in a transaction, including the purchase price, fees, and prorations. You'll review this at closing to ensure all financial aspects of the deal are accurately reflected and accounted for.","what_it_means":"For your 7(a) acquisition, the Settlement Statement (often a Closing Disclosure or similar for business sales) will itemize every cost, credit, and cash flow. Scrutinize it to confirm your Equity injection, lender closing costs, legal fee, and the seller's proceeds match your expectations and the SBA Loan Authorization.","url":"https://dealroom.so/glossary/settlement-statement","official_sources":[],"related":[{"slug":"lender-closing-costs","term":"Lender closing costs","url":"https://dealroom.so/glossary/lender-closing-costs"},{"slug":"legal-fee","term":"Legal fee","url":"https://dealroom.so/glossary/legal-fee"},{"slug":"total-project-costs","term":"Total project costs","url":"https://dealroom.so/glossary/total-project-costs"},{"slug":"escrow-holdback","term":"Escrow / holdback","url":"https://dealroom.so/glossary/escrow-holdback"}],"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"},{"question":"What if my personal financial statement shows low liquid assets?","url":"https://dealroom.so/sba-loans/basics/what-if-my-personal-financial-statement-shows-low-liquid-assets"},{"question":"How important is my personal financial statement for an SBA 7(a) loan application?","url":"https://dealroom.so/sba-7a/questions/how-important-is-my-personal-financial-statement-for-an-sba-7-a-loan-application"},{"question":"When is an SBA Form 912 (Statement of Personal History) required for a non-owner guarantor?","url":"https://dealroom.so/for-lenders/questions/when-is-an-sba-form-912-statement-of-personal-history-required-for-a-non-owner-guarantor"},{"question":"When is SBA Form 912, Statement of Personal History, specifically required for 7(a) loan applicants?","url":"https://dealroom.so/for-lenders/questions/when-is-sba-form-912-statement-of-personal-history-specifically-required-for-7-a-loan-appl"},{"question":"What is the significance of the 'Statement of Personal History' form for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-significance-of-the-statement-of-personal-history-form-for-an-sba-7-a-loan"}]},"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 Statement","url":"https://dealroom.so/glossary/settlement-statement","source_type":"DealRoom Data"}}