Glossary · Doing the deal
In short
This is a bank that facilitates transactions or services on behalf of another bank, often across international borders. It's how your foreign funds might be routed into the U.S.
When wiring your equity injection from a foreign bank, a correspondent bank often acts as an intermediary. Be aware that this can add an extra layer of processing time and potential fees to your transaction. Ensure you understand the routing details and any associated costs when planning your closing timeline.
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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