Glossary · People and paperwork
In short
A mandatory check of the Credit Alert Interactive Voice Response System (CAIVRS) to see if you or any key principals have defaulted on federal debt, like previous SBA or student loans.
Your lender will run a CAIVRS check on all key principals involved in the loan. If any individual has a past default on federal debt, it's a significant red flag and can prevent SBA loan approval. Address any potential issues upfront with your lender.
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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