Glossary · People and paperwork
In short
The right to receive income or other benefits from a property or trust, even if legal title is held by someone else. The SBA needs to know who truly benefits from the business.
The SBA requires disclosure of all parties with a 20% or more beneficial interest in the borrower business, even if they don't have direct legal ownership. These individuals are typically required to provide a personal guarantee. Review the trust and ownership documents carefully.
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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