Glossary · People and paperwork
In short
A formal agreement with a taxing authority to pay delinquent taxes over time. This plan must be current and approved by the SBA to avoid disqualifying your loan.
If the target business or you have outstanding tax delinquencies, an approved payment plan must be in place and current. The SBA will scrutinize this; you need to show consistent payments and good standing to demonstrate financial responsibility for loan approval.
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.
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