Glossary · People and paperwork
In short
These are federal regulations requiring financial institutions to report suspicious transactions and verify customer identities to combat money laundering and terrorism financing. Your lender must follow these rules.
Your SBA lender is legally obligated to comply with the Bank Secrecy Act and Anti-Money Laundering rules. This translates into strict due diligence on your identity, the source of your equity injection, and the legitimacy of the business acquisition. Be prepared to provide extensive documentation to satisfy these requirements.
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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