Glossary · Doing the deal
In short
Costs for legal services related to drafting and reviewing purchase agreements, loan documents, and other deal-related contracts. These are a necessary expense for protecting your interests.
You will incur attorney fees for both your legal counsel and potentially the lender's counsel. Your attorney protects your interests in the purchase agreement and ensures you understand all loan terms. Don't skimp here; good legal advice is critical for a smooth closing and avoiding future liabilities.
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.
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