{"ok":true,"canonical_url":"https://dealroom.so/glossary/total-project-costs","api_url":"https://dealroom.so/api/public/glossary/total-project-costs","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":"total-project-costs","term":"Total project costs","group":"Your money in the deal","definition":"Purchase price plus fees, closing costs, and working capital. The 10% injection is measured against this number, which runs higher than the price alone.","what_it_means":"When lenders size your required injection at 10%, they're using total project costs — which can run 5–10% above the stated purchase price once you add the guaranty fee, lender origination fee, working capital, and professional fees. If a business is listed at $1M, your actual project costs might be $1.05–1.10M, meaning you need $105–110K in injection, not $100K. Get the full project cost estimate from your lender before you finalize your offer.","url":"https://dealroom.so/glossary/total-project-costs","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":"equity-injection","term":"Equity injection","url":"https://dealroom.so/glossary/equity-injection"},{"slug":"guaranty-fee","term":"Guaranty fee","url":"https://dealroom.so/glossary/guaranty-fee"},{"slug":"working-capital","term":"Working capital","url":"https://dealroom.so/glossary/working-capital"},{"slug":"out-of-pocket","term":"Out of pocket","url":"https://dealroom.so/glossary/out-of-pocket"}],"related_questions":[{"question":"Can closing costs such as legal and accounting fees be included in the total project cost for the 10% calculation?","url":"https://dealroom.so/sba-7a/questions/can-closing-costs-such-as-legal-and-accounting-fees-be-included-in-the-total-project-cost-"},{"question":"Are closing costs, like attorney fees, eligible to be part of the project costs for an SBA loan?","url":"https://dealroom.so/sba-7a/questions/are-closing-costs-like-attorney-fees-eligible-to-be-part-of-the-project-costs-for-an-sba-l"},{"question":"What documentation is required to amend a 7(a) loan authorization for a change in project costs?","url":"https://dealroom.so/for-lenders/questions/what-documentation-is-required-to-amend-a-7-a-loan-authorization-for-a-change-in-project-c"},{"question":"What is the maximum percentage of project costs that can be funded by an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/what-is-the-maximum-percentage-of-project-costs-that-can-be-funded-by-an-sba-7-a-loan"},{"question":"How does a lender handle a 7(a) loan authorization amendment request for an increase in project costs post-closing?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-handle-a-7-a-loan-authorization-amendment-request-for-an-increase-in-pro"},{"question":"For an acquisition with significant goodwill, what maximum goodwill percentage can the SBA 7(a) loan finance relative to the total project cost?","url":"https://dealroom.so/sba-7a/questions/for-an-acquisition-with-significant-goodwill-what-maximum-goodwill-percentage-can-the-sba-"}],"related_tool":{"label":"SBA down payment guide","url":"https://dealroom.so/sba-7a/down-payment"}},"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 — Total project costs","url":"https://dealroom.so/glossary/total-project-costs","source_type":"DealRoom Data"}}