Glossary · Doing the deal
In short
These are fees and expenses incurred to finalize a business acquisition and loan. They include legal fees, appraisal costs, and SBA guaranty fees.
Closing costs are a significant part of your total project costs and are typically rolled into the SBA loan or paid out of your equity injection. You'll see costs for legal review, appraisals, environmental reports, and the SBA's upfront guaranty fee. Factor these into your funding plan.
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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