Glossary · People and paperwork
In short
A conviction is a formal declaration that someone is guilty of a criminal offense. Certain criminal convictions can make you ineligible for an SBA loan, so disclosure is critical.
The SBA requires disclosure of any felony or certain misdemeanor convictions related to financial misconduct (e.g., fraud, embezzlement) within the last five years. Failure to disclose or having a disqualifying conviction will halt your loan application. Be transparent on Form 1919 to avoid issues.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
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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