{"ok":true,"canonical_url":"https://dealroom.so/glossary/unconditional","api_url":"https://dealroom.so/api/public/glossary/unconditional","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":"unconditional","term":"Unconditional","group":"People and paperwork","definition":"This term signifies that an agreement or obligation has no strings attached or prerequisites. In SBA loans, it's crucial for things like personal guaranties and gifted equity, meaning they can't be revoked or dependent on future events.","what_it_means":"For a personal guaranty to be valid, it must be unconditional, meaning you can't claim it's only enforceable if certain conditions are met. Similarly, gifted equity must be an unconditional gift. The SBA wants clear, direct commitments without loopholes.","url":"https://dealroom.so/glossary/unconditional","official_sources":[{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"},{"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":"irrevocable","term":"Irrevocable","url":"https://dealroom.so/glossary/irrevocable"},{"slug":"unlimited-guaranty","term":"Unlimited Guaranty","url":"https://dealroom.so/glossary/unlimited-guaranty"},{"slug":"gifted-equity","term":"Gifted Equity","url":"https://dealroom.so/glossary/gifted-equity"},{"slug":"guaranty","term":"Guaranty","url":"https://dealroom.so/glossary/guaranty"}],"related_questions":[]},"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 — Unconditional","url":"https://dealroom.so/glossary/unconditional","source_type":"DealRoom Data"}}