{"ok":true,"canonical_url":"https://dealroom.so/sba-7a/questions/if-my-parents-gift-me-75-000-for-a-down-payment-what-documentation-is-required","api_url":"https://dealroom.so/api/public/questions/if-my-parents-gift-me-75-000-for-a-down-payment-what-documentation-is-required","question":"If my parents gift me $75,000 for a down payment, what documentation is required?","topic":"Gift & investor funds","audience":"borrower","bot_mode":"buyer","short_answer":"You will need a gift letter from your parents stating the funds are a true gift, not a loan, and verifying the source of their funds.","rule":"SBA requires gift funds used for equity injection to be unconditional and not subject to repayment. The gift letter must clearly state this, and lenders will verify the donor's ability to provide the funds.","example":"For a $750,000 business acquisition requiring $75,000 in equity, your parents would provide a signed gift letter stating the $75,000 is an unconditional gift. The lender would also request their bank statements to trace the origin of the gifted amount.","what_lenders_check":"Lenders scrutinize gift funds to ensure they are legitimate and do not conceal additional, undeclared debt that could impact the borrower's repayment ability. Source and intent are key.","required_facts":["Gift funds","Gift letter","Source verification","Unconditional","No repayment"],"source_families":["SOP 50 10 - Lender and Development Company Loan Programs","13 CFR Part 120 - Business Loans"],"official_sources":[{"title":"SOP 50 10 - Lender and Development Company Loan Programs","url":"https://www.sba.gov/sites/default/files/2025-05/SOP%2050%2010%208%20Technical%20Updates%20effective%206.1.2025.docx"},{"title":"13 CFR Part 120 - Business Loans","url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120"}],"related_questions":[{"question":"How does the SBA 7(a) loan process verify the source of gifted equity injection funds?","url":"https://dealroom.so/sba-7a/questions/how-does-the-sba-7-a-loan-process-verify-the-source-of-gifted-equity-injection-funds"},{"question":"How does the SBA verify a non-owner investor's funds used for equity injection?","url":"https://dealroom.so/sba-7a/questions/how-does-the-sba-verify-a-non-owner-investor-s-funds-used-for-equity-injection"},{"question":"What if the gift funds for my down payment are from a distant relative or friend?","url":"https://dealroom.so/sba-7a/questions/what-if-the-gift-funds-for-my-down-payment-are-from-a-distant-relative-or-friend"},{"question":"How does the SBA view an equity injection derived from a personal gift held in a joint account?","url":"https://dealroom.so/sba-7a/questions/how-does-the-sba-view-an-equity-injection-derived-from-a-personal-gift-held-in-a-joint-acc"},{"question":"Can funds from a non-owner investor be used for the equity injection, and what are the requirements?","url":"https://dealroom.so/sba-7a/questions/can-funds-from-a-non-owner-investor-be-used-for-the-equity-injection-and-what-are-the-requ"},{"question":"What are the specific requirements for using a gift from a friend for my equity injection?","url":"https://dealroom.so/sba-7a/questions/what-are-the-specific-requirements-for-using-a-gift-from-a-friend-for-my-equity-injection"}],"related_terms":[{"term":"Down payment","url":"https://dealroom.so/glossary/down-payment"},{"term":"Demand for Payment","url":"https://dealroom.so/glossary/demand-for-payment"},{"term":"Gift","url":"https://dealroom.so/glossary/gift"},{"term":"Collateral documentation","url":"https://dealroom.so/glossary/collateral-documentation"},{"term":"Required guarantor","url":"https://dealroom.so/glossary/required-guarantor"},{"term":"Eligibility documentation","url":"https://dealroom.so/glossary/eligibility-documentation"}],"related_tools":[{"name":"SBA 7(a) payment & fee calculator","url":"https://dealroom.so/sba-7a/calculator"},{"name":"Find an active SBA 7(a) lender","url":"https://dealroom.so/lenders"}],"data_freshness":{"last_reviewed":"2026-06-14","sba_rule_sources_checked_through":"2026-06-14"},"citation":{"label":"DealRoom.so SBA 7(a) Q&A","url":"https://dealroom.so/sba-7a/questions/if-my-parents-gift-me-75-000-for-a-down-payment-what-documentation-is-required","source_type":"DealRoom Q&A"},"caveats":["Grounded in the current SBA rulebook; verify against official sources before relying on it for a live deal.","Not legal, tax, or financial advice and not an approval decision."]}