Glossary · Doing the deal
In short
Refers to the construction or renovation of a commercial space to make it suitable for your business operations. This is common for businesses moving to new premises or significantly upgrading existing ones.
If the acquired business requires substantial renovations or tenant improvements, these are considered build-out costs. A 7(a) loan can include funds for leasehold improvements, but you'll need detailed estimates and potentially a contractor's bid. Factor these costs into your overall project budget and timeline.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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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