Glossary · People and paperwork
In short
The SBA's assessment of the buyer's (and other key principals') integrity and trustworthiness, based on credit history and background checks. Buyers care because a poor character evaluation can disqualify you from an SBA loan, regardless of the business's strength.
The SBA reviews your personal credit history, criminal records, and any past defaults on government debt. You'll complete Form 1919, disclosing relevant information. Be transparent with your lender about any issues upfront; undisclosed problems can lead to loan denial or even fraud allegations.
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.
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