Glossary · Doing the deal
In short
This refers to when ownership of a business shifts, like when you buy a company. For an SBA loan, it's the core event that triggers the need for new financing and eligibility review.
In an SBA 7(a) acquisition, a change of control is fundamental. The SBA lender will underwrite the loan based on the new ownership's eligibility and ability to repay. This involves reviewing your personal finances, experience, and the business's historical performance under your projected management.
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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