{"ok":true,"canonical_url":"https://dealroom.so/glossary/third-party-agent","api_url":"https://dealroom.so/api/public/glossary/third-party-agent","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":"third-party-agent","term":"Third-party agent","group":"People and paperwork","definition":"A third-party agent is any person or entity, other than the borrower or lender, who helps with the loan process, like a broker or consultant. They often charge fees for their services.","what_it_means":"Be aware that the SBA regulates fees paid to third-party agents. Ensure all such fees are disclosed, reasonable, and for actual services rendered. Some fees, like packaging fees, can be financed into the loan, but others may be out-of-pocket expenses.","url":"https://dealroom.so/glossary/third-party-agent","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":"broker-fee","term":"Broker fee","url":"https://dealroom.so/glossary/broker-fee"},{"slug":"packaging-fee","term":"Packaging fee","url":"https://dealroom.so/glossary/packaging-fee"},{"slug":"business-broker","term":"Business broker","url":"https://dealroom.so/glossary/business-broker"},{"slug":"ma-advisor","term":"M&A advisor","url":"https://dealroom.so/glossary/ma-advisor"}],"related_questions":[{"question":"Can a third-party loan, not from the seller, count towards the minimum equity injection?","url":"https://dealroom.so/sba-7a/questions/can-a-third-party-loan-not-from-the-seller-count-towards-the-minimum-equity-injection"},{"question":"What specific language must a non-SBA third-party standby agreement include to ensure eligibility?","url":"https://dealroom.so/for-lenders/questions/what-specific-language-must-a-non-sba-third-party-standby-agreement-include-to-ensure-elig"},{"question":"How does a lender verify the full standby status of a non-SBA third-party debt?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-verify-the-full-standby-status-of-a-non-sba-third-party-debt"},{"question":"Can an SBA 7(a) loan finance the purchase of intellectual property rights from a third party?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-the-purchase-of-intellectual-property-rights-from-a-third-part"},{"question":"What are the eligibility requirements for funds borrowed from a third party to count as equity injection?","url":"https://dealroom.so/sba-7a/questions/what-are-the-eligibility-requirements-for-funds-borrowed-from-a-third-party-to-count-as-eq"},{"question":"Can I use an SBA 7(a) loan to purchase a business from an unrelated third party?","url":"https://dealroom.so/sba-loans/basics/can-i-use-an-sba-7-a-loan-to-purchase-a-business-from-an-unrelated-third-party"}]},"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 — Third-party agent","url":"https://dealroom.so/glossary/third-party-agent","source_type":"DealRoom Data"}}