Glossary · Doing the deal
In short
This document itemizes all funds exchanged and costs incurred by both buyer and seller at the time of closing. It's the final financial summary of the transaction.
Your closing statement, often prepared by the escrow agent or attorney, details the purchase price, loan proceeds, equity injection, closing costs, and prorations. Review it carefully before signing to ensure all figures match your understanding and the loan authorization. It's the definitive record of the financial aspects of the 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.
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