Glossary · People and paperwork
In short
This is a detailed five-page form that provides final details about your loan. It includes the loan terms, projected monthly payments, and how much you'll pay in fees and other costs to get your mortgage.
You'll receive this at least three business days before closing. Review it carefully to ensure all fees and terms match what you agreed to in your SBA Loan Authorization. Any discrepancies need to be addressed with your lender immediately before signing.
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