{"ok":true,"canonical_url":"https://dealroom.so/glossary/turnaround-strategy","api_url":"https://dealroom.so/api/public/glossary/turnaround-strategy","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":"turnaround-strategy","term":"Turnaround Strategy","group":"Reading the business","definition":"A plan to revitalize a struggling business and improve its financial performance. This is crucial if you're buying a fixer-upper with an SBA loan.","what_it_means":"If you're acquiring a business that isn't performing optimally, you need a clear, detailed turnaround strategy. SBA lenders want to see how you plan to improve profitability and cash flow, especially if the business has shown recent declines. Your business plan and financial projections must reflect this strategy, demonstrating a path to strong repayment capacity.","url":"https://dealroom.so/glossary/turnaround-strategy","official_sources":[],"related":[{"slug":"business-plan","term":"Business plan","url":"https://dealroom.so/glossary/business-plan"},{"slug":"financial-projections","term":"Financial projections","url":"https://dealroom.so/glossary/financial-projections"},{"slug":"repayment-capacity","term":"Repayment capacity","url":"https://dealroom.so/glossary/repayment-capacity"},{"slug":"cash-flow","term":"Cash flow","url":"https://dealroom.so/glossary/cash-flow"}],"related_questions":[{"question":"What if the acquired business has a history of declining revenue, but the buyer has a strong turnaround plan?","url":"https://dealroom.so/sba-7a/questions/what-if-the-acquired-business-has-a-history-of-declining-revenue-but-the-buyer-has-a-stron"}]},"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 — Turnaround Strategy","url":"https://dealroom.so/glossary/turnaround-strategy","source_type":"DealRoom Data"}}