Glossary · Doing the deal
In short
Various fees and expenses incurred to finalize a business acquisition, beyond the purchase price. These costs include lender fees, legal fees, and appraisal fees, which you must budget for as part of total project costs.
Closing costs for an SBA 7(a) acquisition can include the SBA guaranty fee, lender packaging fee, legal fees for both buyer and lender, appraisal, environmental report, and title insurance. These are typically paid at closing and can significantly impact your required equity injection and overall deal funding. Get a detailed breakdown from your lender early.
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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