Glossary · People and paperwork
In short
A financial institution authorized by the SBA to originate, underwrite, and service 7(a) loans. These are the only banks that can make SBA-guaranteed loans.
You must work with an Approved Lender to secure an SBA 7(a) loan. They handle the entire application process and ensure compliance with SBA rules. Look for lenders with experience in business acquisition loans and a strong understanding of your industry.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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