Glossary · People and paperwork
In short
Records of all financial transactions in a bank account over a period, showing deposits, withdrawals, and balances. Buyers need to review the business's bank statements during due diligence to verify revenue, expenses, and cash flow.
For due diligence, request at least 2-3 years of the target business's bank statements to corroborate financial statements (P&L, Balance Sheet). Look for consistent cash flow, unusual transactions, or large owner withdrawals that might not be reflected in the P&L. For your equity injection, your personal bank statements will be required to prove seasoned funds.
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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