Glossary · People and paperwork
In short
Formal attestations or statements confirming certain facts or conditions, often required by the lender or SBA. Buyers will sign many certifications, confirming their understanding and agreement to loan terms and eligibility.
During the SBA loan process, you'll sign numerous certifications related to your eligibility, use of proceeds, and compliance with SBA rules. These are legally binding and attest to the truthfulness of your statements. Read each one carefully; misrepresentations can lead to loan default or even fraud charges.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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.
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