Glossary · People and paperwork
In short
This refers to the borrower's honesty, integrity, and credit history, a critical factor for SBA loan approval. Lenders assess your willingness and ability to repay debt.
The SBA emphasizes "good character" for all principals. Lenders will scrutinize your personal credit report, criminal background, and any past federal debt. Any derogatory marks, bankruptcies, or felonies can jeopardize your loan approval. Be upfront about any issues.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
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.
Free · No documents · Usually same-day