Glossary · People and paperwork
In short
A monthly summary of activity in your bank account. Lenders use these to verify your personal liquidity and the source of your capital contribution for the loan.
You'll provide 3-6 months of personal bank statements to prove you have the funds for your down payment (equity injection) and closing costs. Lenders also use them to check for any unusual or unexplainable large deposits that could indicate unseasoned funds or undisclosed liabilities.
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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