Glossary · Doing the deal
In short
Requirements that must be met by specific parties before a deal can be finalized. These protect you by ensuring the business is as represented before you transfer funds.
These are the "must-dos" before your SBA loan closes, like getting necessary licenses, completing due diligence, or satisfying lender requirements. Track all closing conditions actively; failure to meet them can delay or kill your deal, so assign responsibilities clearly.
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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