Glossary · People and paperwork
In short
Providing false or misleading information to the lender or SBA. This is a serious offense that can lead to loan denial, default, or even fraud charges.
Any inaccurate or omitted material information on your SBA loan application, including personal financial statements or business projections, constitutes misrepresentation. Ensure complete honesty and accuracy in all disclosures, as lenders and the SBA conduct thorough verification, and misrepresentation can jeopardize your entire acquisition.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
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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