Glossary · Doing the deal
In short
The complete set of legal papers you and the seller sign to finalize the purchase of the business and the SBA loan. These documents transfer ownership and obligate you to the loan terms.
Your attorney will review these documents, which include the asset purchase agreement, promissory notes, security agreements, and various SBA forms. Ensure you understand every document's implications before signing. Any last-minute changes should be scrutinized carefully.
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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day